Monopoly, Special Cases of Monopoly, Profit maximization problem1 min read

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Learning Objectives

  • Monopoly: Meaning and Reasons
  • Why the AR and MR curve of monopolist slopes downward
  • Profit Maximization Problem
  • Special cases of monopoly
  • Welfare, and Output in Monopoly
  • Quality Choice
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Suggested Readings:

Ahuja. H.L. (1970). Advanced Economic Analysis: Microeconomic Analysis. New Delhi: S. Chand & Company Pvt. Ltd.

Kutosoyiannis, A. (1979). Modern Microeconomics. Houndsmill: Macmillan Press Ltd.

Varian. H.R. (2010). Intermediate Microeconomics – A Modern Approach. W W Norton & Company: New York.

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