Economics Homework Help
Dunwoody College of Technology Monopoly and Economy Questions
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I’m working on a economics discussion question and need an explanation and answer to help me learn.
1. Explain why marginal revenue is less than price for a monopolist.
2. Explain the difference between pure monopoly and natural monopoly.
3. Why does one electric company can operate more cheaply than two for a given city?
4. Under what circumstances monopoly may offer efficiency advantages over perfectly competitive industry.
5. Discuss the difference between monopolistic competition and monopoly.
