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3.1 market Structures - Monopoly

Picture

Need to Know

At the end of this section the student should be able to:
  • describe and critique the main features of monopolistic product markets
  • demonstrate and analyse how a change in demand or supply in a market structure impacts on equilibrium graphically represent, describe and compare market equilibrium under monopoly long run
  • graphically represent and evaluate the point of profit maximisation for a firm in a monopoly market
  • examine the implications of changing levels of competition and market power on price and output under monopoly
  • explain why particular market concentrations are deemed problematic for consumers and are therefore regulated by Irish and European competition authorities


Resources

3.1 Monopoly Notes
3.1 MONOPOLY SQs
3.1 MONOPOLY LQs
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