Y1 - Microeconomics

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Summary

Week 6

Erasmus Universiteit · Int. Economics and Business Economics

Y1 - Microeconomics

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Week 6
Chapter 13 - Monopoly
Five factors lead to this market structure:
The profit-maximizing monopolist
A monopolist has no supply curve
Adjustments in the long run
The efficiency loss from monopoly
Public policy toward natural monopoly
Price discrimination

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