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UNIT 15: Monopoly, Profit-Maximization, Q↑ (revenue↑), MR can take…
UNIT 15: Monopoly
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introduction
A monopoly is 1 firm that is the only seller of 1 product without close substitutes (sản phẩm thay thế gần)
- 1 monopoly firm has market power
- The buyer is a price taker
- Competitive firm has no market power.
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Monopoly is not beneficial to consumers. Prices are high, quantity is little
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đặt mức giá ở mức chi phí biên / trợ cấp nếu lỗ / quốc hữu hóa: doanh nghiệp tư nhân thành doanh nghiêp nhà nước=> thường lỗ
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