What market circumstances might problem the next assertion? A monopolist is a price-maker as a result of this agency can cost no matter value they need.
Do the analyses of Excellent Competitors and Monopoly reveal any widespread rules? Why are monopoly companies usually inefficient? Present an instance of an environment friendly monopoly agency, and clarify below what circumstances such monopolies behave extra effectively. Would a Pure Monopoly following the revenue maximization (MR=MC) rule function with extra capability? How can the federal government regulate pure monopolies to realize extra environment friendly outcomes? Economics homework assist