Imperfect Competition and Monopolies
Debaere, Peter
Imperfect Competition and Monopolies
GEM-0105 | Published June 15, 2011 | 5 pages Technical Note
Collection: Darden School of Business
Product Details
In this note, we look at what happens when there are only few producers. For simplicity, we start with a market with only one supplier, a monopolist. We analyze the price the monopolist charges and the amount of output he or she produces, how those decisions affect overall welfare, and in what circumstances government intervention can increase overall welfare.
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