Monopoly: Meaning and Characteristics

• Monopoly is of a market organization for a commodity in which there is only one seller of...}
  Akshamala

Equilibrium Price and Output Determination in Monopoly

• In short run, the monopolist has no sufficient time to expand its plant size (or capacity)...}
  Akshamala

Equilibrium Price and Output Determination under Discriminating Monopoly

• Price discrimination refers to the situation when a producer sells the same product to dif...}
  Akshamala

Oligopoly

• Oligopoly refers to that situation in which there are a few number of sellers of the same...}
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Profit maximization and Equilibrium of a Firm

The equilibrium of the firm may be described in following ways:

• TR - TC approach:...}
  Akshamala

Price and Output under Second and Third Degree Discrimination

•  In discrimination of the second degree, the monopolist is able to get a part of cons...}
  Akshamala

Equilibrium price and output determination under perfect competition

• In the short run of perfect competition:

1. If AR = AC, it implies fir...}
   Akshamala

Equilibrium Price and Output Determination under Monopolistic Competition

• In short run, the monopolist has no sufficient time to expand its plant size (or capacity)...}
  Akshamala