Monopoly

Sources of market power -Entry to the market is blocked.
-Entry could be patent or trademark protected
-Entry could be government protected
-Entry could be protected by economies of scale 

Profit maximization 

Monopoly-Profit Maximizing


Loss Minimizing

Monopoly-Loss Minimizing




Technical Aspects of Monopoly 
    Inefficiency of monopoly
        Consumer and Producer Surplus
        Dead weight loss
        Elasticity

Monopoly Analysis




ACDC Monopoly Dead Weight Loss


ACDC-Monopoly-Elastic vs. Inelastic




Price discrimination

ACDC-Monopoly-Price Discrimination





Natural monopoly

ACDC-Monopoly-Regulating Natural Monopoly



Additional Sources:

ACDC-Monopoly Review


Khan Academy


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