Monopoly - short answer
The model of monopoly
Explain the meaning of the phrase 'the monopolist is constrained by the demand curve for the product'.
Discuss the statement 'monopoly is always bad'.
Discuss the statement 'monopoly is always inefficient'.
Explain why, if a monopolist takes over a perfectly competitive industry and takes advantage of no economies of scale, then the monopolist will reduce the quantity available for sale and at the same time raise the price.
Look at the data below, which gives the total revenue schedules for firms. Which company, A, B, C or D, is a monopolist?
Look at the data below, which gives the market shares for 4 different firms. Which company, A, B, C or D, is unlikely to have any monopoly power?