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Total Average and Marginal Revenue for Monopolies (Firms with Market Power)

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econhelp

Hi Everyone in this video I go through understanding Total, Average and Marginal Revenue for Firms with Market Power e.g. Monopolist, Monopolistic Competitive Firms.

The other videos that I mention/might be useful:
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Why MR is less than P for price takers:    • Why Marginal Revenue is less than Pri...  
Why Elasticity changes along some demand curves:    • Why Elasticity Changes Along Demand C...  
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Timestamps for the video:

0:00 Introduction
0:28 Definitions
1:37 TR, AR and MR for a particular outcome
2:56 AR Function
3:47 MR Function
7:04 Understanding TR Function

posted by gea3dr4u7