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Lecture 15: Monopoly II

Lecture 15: Monopoly II

This video was recorded at 14.01SC Principles of Microeconomics, Fall 2011. The analytical picture of monopolies presented in our last lecture may be too simple. Monopolies may not always charge the same price to every customer – they can choose to charge different prices, a phenomenon known as price discrimination. Monopolies are regulated by governments to limit their market power, yet in some cases governments may encourage the operation of monopolies. These cases are discussed in greater detail in this lecture.

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