# Monopoly single-price: Price & output decisions

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##### Intros

###### Lessons

**Monopoly Single-Price: Price & Output Decisions Overview:**__Maximizing Profit with Total Revenue & Total Cost__- Use a Table to Keep Track of Information
- Calculate Total Revenue & Cost
- Calculate Profit
- Find the One with the Highest Profit

__Maximizing Profit with__*MR*=*MC*- Graphically: Graph
*MR*,*MC*,*ATC*and Demand - Find the intersection of MR and
*MC* - Algebraically: Find equations and set
*MR*=*MC* - Solve and find
*q*and*p* - Find the Economic profit

- Graphically: Graph
__Deadweight Loss in Single-Price Monopoly__- Monopoly is inefficient
- Consumer & Producer Surplus
- Deadweight Loss

##### Examples

###### Lessons

**Graphically Maximizing Profit**

Consider the following graph:

- Consider the following graph:

**Algebraically Maximizing Profit**

Consider the following formulas:*p*= 100 - 4*q**MC*= 50 + 2*q*- Consider the following formulas:
*p*= 60 - 2*q**MC*= 20 +*q* **Finding the Deadweight Loss, Consumer Surplus, & Producer Surplus**

Consider the following graph:- Consider the following functions:
*p*= 2 - 2*q**MC*= 2*q*