Microeconomics
When Markets Fail

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Below are the top discussions from Reddit that mention this online Coursera course from University of Pennsylvania.

Offered by University of Pennsylvania. Perfect markets achieve efficiency: maximizing total surplus generated. But real markets are ... Enroll for free.

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Taught by
Rebecca Stein
Senior Lecturer
and 9 more instructors

Offered by
University of Pennsylvania

Reddit Posts and Comments

0 posts • 2 mentions • top 2 shown below

r/econhw • comment
1 points • roboq6

> However, economies of scale do not imply the monopolist should produce a large quantity of output

I know, I know. I assume that the natural monopoly is required by law to have maximum price=MC. According to this video such regulation would require constant subsidies for monopoly, because otherwise it will go bankrupt:

https://www.coursera.org/learn/microeconomics-part2/lecture/VWpuW/3-1-6-natural-monopoly-regulation-though-marginal-cost-pricing

I know how a monopoly maximizes its profit. I'm just suprised that at P=MC its accounting profit would be negative, while a competitive firm can survive under P=MC without subsidies.

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r/AskEconomics • comment
1 points • lawrencekhoo

I can vouch for this course. I assign it as a supplement for the Intro Micro course that I teach.

If you have already done Intro Micro, then this course makes for a good follow up: Microeconomics: When Markets Fail

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