文档介绍:MonopolyAfterstudyingthischapteryouwillbeabletoExplainhowmonopolyarisesanddistinguishbetweensingle-pricemonopolyandprice-discriminatingmonopolyExplainhowasingle-paretheperformanceandefficiencyofsingle-petitionExplainhowpricediscriminationincreasesprofitExplainhowmonopolyregulationinfluencesoutput,price,economicprofit,?Studentsgetlotsofpricebreaks—atthemovies,hairdresser,?Howcanitbeprofitmaximizingtoofferlowerpricestosomecustomers?,andinparticularthemarketprice,::,petitionandentryarerestrictedbythegrantingofaPublicfranchise(,apublic franchisetodeliverfirst-classmail)Governmentlicense(likealicensetopracticelawor medicine)PatentandcopyrightMarketPowerNaturalBarrierstoEntryNaturalbarrierstoentrycreateanaturalmonopoly,—2unitseach——1uniteach—,.