Profit Maximization - Monopoly

In this video we go over the difference between monopoly and perfect competition, as well as review the profit maximization graph/diagram for a single price monopolist.

[@mengchao5649]

This video is very helpful and very understandable. Thank you.

[@olivezoo]

P=MR=AP ;
why?

[@MichaelBarberEcon]

Price does not equal marginal revenue for a single-price monopolist.However, in perfect competition, P = MR = AR.

[@kishuboy._]

Thanks 🙏