Question 1 What are the important characteristics of monopoly firms? Why monopoly is desirable? Question 2 What is the Excess Capacity and Mark up for the Monopolistic Competitive firms? Question 3 Wh

Question 1

What are the important characteristics of monopoly firms? Why monopoly is desirable?

Question 2

What is the Excess Capacity and Mark up for the Monopolistic Competitive firms?

Question 3

What is monopolist’s “Price Discrimination” strategy? How the strategy is used to maximize profit for the monopoly firms?

Question 4

What are the most important strategies for the Monopolistic Competitive firms to maximize profits? Give an example

Question 5

When a profit maximising firm (Monopoly) shut down the production in the short run?