Monopolies

This study guide covers monopolies in AP Microeconomics, including their characteristics (e.g., price makers, high barriers to entry), graphing (demand, marginal revenue, MR < D, profit maximization), calculating profit/loss, and efficiency comparisons with perfect competition. It emphasizes key graph points (profit-maximizing, socially optimal, fair-return), elasticity's role, and exam tips with practice questions covering graph analysis, calculations, and government regulation effects.