Chapter 12

Monopoly

In this chapter we consider the workings of an industry in which there is no possibility of competition among sellers: a monopoly.

Begin the chapter

Overheads for This Chapter

Check your understanding -- multiple-choice questions

You Need to Know

To understand this chapter, you will need concepts from each of the preceding chapters:

Contents

  1. Introduction
  2. Monopoly Demand
  3. Monopolization: an Example
  4. Marginal Revenue
  5. Demand and Marginal Revenue
  6. Monopoly Profit Maximization
  7. Monopoly Inefficiency
  8. "Natural" Monopoly
  9. Chapter Summary

Next Chapter: Imperfect Competition

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