MONOPOLY (price discrimination😱 (different prices to different customers,…
MONOPOLY (price discrimination😱, monopolies in malaysia😊, the fundamental cause monopoly is barriers to entry🚫., government creates a monopoly, "outlawed monopoly by islamic jurists.", antitrust law✅, formula, effects of price discrimination🤔, faces a downward-sloping demand curve↘, consider a monopoly, natural monopoly, maximizes profit ➡producing the quantity
, P > MR = MC, The fundamental cause of monopoly is barriers to entry., Government can do nothing at all if the market failure is deemed small compared to the imperfections of public policies.
, price maker💸, monopolist's marginal revenue always lower than price)