7 monpoly.pptVIP

7 Monopoly In this chapter, look for the answers to these questions Why do monopolies arise? Why is MR P for a monopolist? How do monopolies choose their P and Q? How do monopolies affect society’s well-being? What is price discrimination? What can the government do about monopolies? While a competitive firm is a price taker, a monopoly firm is a price maker. 竞争企业是价格的接受者，而垄断企业是价格制定者。 MONOPOLY A firm is considered a monopoly if . . . it is the sole seller of its product.(企业是产品唯一的卖者) its product does not have close substitutes.（他的产品没有相近的替代品） WHY MONOPOLIES ARISE The fundamental cause of mon