Scribd Logo
Upload

Welcome to Scribd!

  • Monopoly Notes For Economics

    Uploaded by

    Nathan Hart
    10 views1 page
    from class

    Original Title

    Monopoly Notes for economics

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    RTF, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    from class

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Monopoly Notes For Economics

    Uploaded by

    Nathan Hart
    from class

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Monopoly Notes 1. Number of Firms - one. 2. Type of Product - unique. 3. Technology - may have technological advantage. 4.

    Product Price Control- complete control of price. Price MAKER. 5. Entry Barriers - significant barriers. NAUTRE OF BARRIERS TO ENTRY: efficiency. Can't have more than one power line company, only one provider can exist. Fixed costs prevent entry. - highly inelastic. you need them and no competition. exa

    You might also like