Monopoly Economics Questions
Number of pages:
9
ABSTRACT:
This 9 page paper answers a set of questions regarding the economic position of a monopoly. The question looks at the way profit is achieved in a monopoly and shows the way marginal cost, demand and quantity supply can be shown on a graph to determine the level of profit. The second question looks at the difference in output of a monopoly and a competitive environment along the concept of the deadweight loss. The third question considers the potential of discriminatory pricing from a monopoly and the last questions looks at who would win and who would loose from discriminatory pricing. Questions are all illustrated with relevant graphs. The bibliography cites 3 sources.
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File: TS14_TEmonoprof.doc
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