Video tutorial: Monopoly: price-setting decision

A monopoly firm sets the price by finding the price and quantity combination on the demand curve that it faces at which its profits are maximized. See how to use iso-profit curves to solve this constrained optimization problem and learn more about price-setting in the free ebooks The Economy, Unit 7.3: https://tinyco.re/TE-7-3 and ESPP, Unit 7.3: https://tinyco.re/ESPP-7-3. Photo credit: https://www.visualpharm.com/free-icons/female%20worker-595b40b85ba036ed117dae52. CORE is a global community of learners, teachers and researchers that is transforming how economics is learned by bringing recent advances in the field to bear on societal challenges such as the future of work, climate change and inequality, using free interactive online resources and implementing the best new teaching techniques. Find out more at https://www.core-econ.org.