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Grades 9-12
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Standard: 9
This lesson supports the Theory of the Firm section of the Advanced Placement Microeconomics curriculum. Students will learn in this lesson that the profit-maximization rules for the monopoly are the same as they are for a perfectly competitive firm but the monopoly will produce a smaller output than society would like it to produce.
This lesson appears as Lesson 5 from Unit 3: The Theory of the Firm in CEE's Advanced Placement Economics (4th Edition).
Please refer to the Monopoly, Teacher Lesson.
Students complete Activity 3-15 from the Student Resource Manual, Comparing Perfect Competition and Monopoly.
Not available for this lesson.
Please refer to Monopoly, Student Resource Manual.
Grades 9-12
Grades 6-8, 9-12
Grades 9-12
Grades 6-8, 9-12