Introduction to Profit and Losses in Monopolies

What you’ll learn to do: calculate and graph a monopoly’s costs, revenues, profit and lossesImage of street art showing the main male character from the game Monopoly. The character wears a black top hat and an old fashioned tuxedo. The character has a worried look on their face. In the background is the word "Money" in white letters.

We know that because a monopolist controls the market for a good or service, they get more say in how much they want to produce and what price to sell it at. In this section, you’ll see how they make those decisions.