Week 2 Micro: Competition & Monopoly

In Week 2, we are going to learn the following topics about Microeconomics.

1. Perfect Competition	2. Marginal Revenue	3. Economic Profit
4. Profit maximising output for firm in perfect competition	5. Diagram for perfect competition	6. Economic loss in perfect competition
7. Economic loss in perfect competition	8. Effect of a change in Fixed Cost/Variable Cost	9. Perfect competition in practice
10. Monopoly & Diagram	11. change in Demand/Supply for a monopoly	12. Monopoly in practice

Before we started learning, let's listen to the story of a real business practitioner regarding Competition.

Are you ready to start?

Now,

let's go...