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MonopolyMonopolyMonopolyWhyMonopoliesAriseWhyMonopoliesAriseMonopolyResourcesGovernment-CreatedMonopoliesGovernment-CreatedMonopoliesNaturalMonopoliesNaturalMonopoliesEconomiesofScaleasaCauseofMonopoly...MonopolyversusCompetitionCompetitionversusMonopolyQuantityofOutputAMonopoly’sRevenueAMonopoly’sTotal,Average,andMarginalRevenueAMonopoly’sMarginalRevenueAMonopoly’sMarginalRevenueDemandandMarginalRevenueCurvesforaMonopoly...ProfitMaximizationofaMonopolyProfit-MaximizationforaMonopoly...ComparingMonopolyandCompetitionAMonopoly’sProfitMonopolyprofitTheMonopolist’sProfitTheMarketforDrugs...TheWelfareCostofMonopolyPriceTheDeadweightLossTheInefficiencyofMonopoly...TheInefficiencyofMonopolyTheDeadweightLossPublicPolicyTowardMonopoliesIncreasingCompetitionwithAntitrustLawsTwoImportantAntitrustLawsRegulationMarginal-CostPricingforaNaturalMonopoly...RegulationPublicOwnershipDoingNothingPriceDiscriminationPriceDiscriminationPerfectPriceDiscriminationPriceDiscriminationDeadweightWelfareWithPriceDiscrimination...ExamplesofPriceDiscriminationThePrevalenceofMonopolySummarySummarySummarySummarySummaryGraphicalReviewEconomiesofScaleasaCauseofMonopoly...QuantityofOutputDemandandMarginalRevenueCurvesforaMonopoly...Profit-MaximizationforaMonopoly...TheMonopolist’sProfit...TheMarketforDrugs...TheEfficientLevelofOutput...TheInefficiencyofMonopoly...Marginal-CostPricingforaNaturalMonopoly...WelfareWithoutPriceDiscrimination...WelfareWithPriceDiscrimination...
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