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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?
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