Lecture Economics (6/e): Chapter 23 - Stephen L. Slavin
Lecture Economics (6/e): Chapter 23 - Stephen L. Slavin
In this chapter, the following content will be discussed: The graph of the monopolist, how monopolist’s profits are calculated, the monopolist in the short run and long run, barriers to entry, limits to monopoly power, economies of scale and natural monopoly, what makes bigness bad?