Office Hours Calculating Monopoly Profit

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=FiQsdBWEaMI

In our video on Maximizing Profit Under Monopoly, we cover how firms can use their market power to raise the price of a good well beyond its marginal cost. A practice question from the Microeconomics final exam asked you to find the total profit of a monopolist under certain conditions. In this Office Hours session, Mary Clare Peate, Marginal Revolution University’s Instructional Designer, helps you solve that problem. • Vote on a topic for our next Office Hours video: http://bit.ly/1psatWs • Additional practice questions: http://bit.ly/1nM7ciO • Maximizing Profit Under Monopoly: http://bit.ly/22i0nbT • Principles of Microeconomics Course: http://bit.ly/20VablY • Help us caption translate this video! • http://amara.org/v/ICs6/

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