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Price<br />Quantity of steel<br />
Price<br />Marginal Cost<br />=Average Cost<br />Quantity of steel<br />
Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Quantity of steel<br />
Perfect Competition<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Compet...
In Monopoly<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br...
Monopoly<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Quantity<br />produced<br />In Monopo...
Monopoly<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Marginal Cost<br />=Average Cost<br />Equ...
People underestimate the cost<br />because of pollution<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly...
People underestimate the cost<br />because of pollution<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly...
Social Cost is more than that<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Social cost<br />by ...
Price<br />Aggregate Demand<br />Real Cost<br />Equilibrium<br />In Monopoly<br />Equilibrium<br />In Competition<br />Qua...
Price<br />Aggregate Demand<br />Efficiency Equilibrium<br />Real Cost<br />Equilibrium<br />In Monopoly<br />Equilibrium<...
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Why Monopoly

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Transcript of "Why Monopoly"

  1. 1. Price<br />Quantity of steel<br />
  2. 2. Price<br />Marginal Cost<br />=Average Cost<br />Quantity of steel<br />
  3. 3. Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Quantity of steel<br />
  4. 4. Perfect Competition<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Quantity of steel<br />
  5. 5. In Monopoly<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Marginal Revenue<br />Quantity of steel<br />
  6. 6. Monopoly<br />Price<br />Aggregate Demand<br />Marginal Cost<br />=Average Cost<br />Quantity<br />produced<br />In Monopoly<br />Equilibrium<br />In Competition<br />Marginal Revenue<br />Quantity of steel<br />
  7. 7. Monopoly<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Marginal Revenue<br />Quantity of steel<br />
  8. 8. People underestimate the cost<br />because of pollution<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Marginal Revenue<br />Quantity of steel<br />
  9. 9. People underestimate the cost<br />because of pollution<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Quantity of steel<br />
  10. 10. Social Cost is more than that<br />Price<br />Aggregate Demand<br />Equilibrium<br />In Monopoly<br />Social cost<br />by pollution<br />Marginal Cost<br />=Average Cost<br />Equilibrium<br />In Competition<br />Quantity of steel<br />
  11. 11. Price<br />Aggregate Demand<br />Real Cost<br />Equilibrium<br />In Monopoly<br />Equilibrium<br />In Competition<br />Quantity of steel<br />
  12. 12. Price<br />Aggregate Demand<br />Efficiency Equilibrium<br />Real Cost<br />Equilibrium<br />In Monopoly<br />Equilibrium<br />In Competition<br />Quantity of steel<br />
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