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3.5 Societal Welfare with monopolies

3.4 When Does the Monopolist Cease its Operations

3.3 Profit Maximization of the Monopolist

3.2 Marginal Revenue of the Monopolist

3.1 Assumptions about the monopolist

1.15 Compensating Variation and Equivalent Variation

1.12 Shifts in the Demand Curve

1.11 Demand Curves Derived from the Indifference Map

1.6 Effects of a Price Change (Total Effect, Substitution Effect, Income Effect)

1.14 Elasticities (Uncompensated)

1.13 Normal and Inferior Goods

1.10 Homothetic Preferences

1.9 Constant Elasticity of Substitution (CES) Utility

1.8 Perfect Complements (Fixed Proportions)

1.7 Perfect Substitutes

1.5 Expenditure Minimization

1.4 Utility Maximization and the Indirect Utility Function

1.3 Budget Constraint and Conditions for Utility Maximization

1.2 Indifference Map, Indifference Curves, Marginal Rate of Substitution

1.1 Utility, Preferences, and Marginal Utility

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