Profit and revenue maximisation in monopoly (HL only)

IB Economics: Profit and revenue maximisation in monopoly (HL only)

This lesson focuses again on monopoly structures and asks whether operating a monopoly guarantees that a firm will make abnormal profit. It also considers examples of monopolies that do not prioritise profit as their over-riding objective.Will monopoly businesses always make abnormal profit? Are there examples of monopolists that prioritise other objectives, than maximising the return for their shareholders.


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