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Home » Tutorials » Economics » Monopoly
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Introduction to a Monopoly
How Monopolies Form: Barriers to Entry
Natural Monopoly
Control of a Physical Resource
Legal Monopoly
Promoting Innovation
Intimidating Potential Competition
Summing Up Barriers to Entry
Key Concepts and Summary
How a Profit-Maximizing Monopoly Chooses Output and Price
Demand Curves Perceived by a Perfectly Competitive Firm and by a Monopoly
Total Cost and Total Revenue For a Monopolist
Marginal Revenue and Marginal Cost For a Monopolist
Illustrating Monopoly Profits
The Inefficiency of Monopoly