About Monopoly Industries. How monopolies are protected from competition, technological advantages, and certain configurations of demand and supply
| Autor: | Peter Rössel |
|---|---|
| EAN: | 9783668606944 |
| eBook Format: | |
| Sprache: | Englisch |
| Produktart: | eBook |
| Veröffentlichungsdatum: | 09.01.2018 |
| Kategorie: | |
| Schlagworte: | about industries monopoly |
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Academic Paper from the year 2017 in the subject Economics - Micro-economics, grade: 1, Post University, language: English, abstract: This paper is about monopoly industries. During this work I will outline how monopolies are protected from competition, including laws that prohibit competition, technological advantages, and certain configurations of demand and supply. Furthermore, I will then discuss how a monopoly will choose its profit-maximizing quantity to produce and what price to charge. Lastly comes the exploration of how monopolistically competitive firms choose their profit-maximizing level of output.
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