Pure Monopoly

Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentation_html5.html Review Chapter 12 in the Microeconomics textbook. Review the video from Khan Academy on Monopoly https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopoly-basics Discuss the economic effects of monopoly. Be sure to include the following: 1. Monopoly price compared to the price of a competitive firm 2. Efficiency of resource allocation 3. Monopoly and […]
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