Economic Growth vs Economic Development
July 10, 2020
Economic Growth & Development
July 10, 2020This presentation covers the following concepts:
- What is Monopoly
- Conditions for Monopoly
- Barriers to Entry
- Features of Monopoly
- Sources of Monopoly Power
- Profit Maximisation under Monopoly (TR & TC and MR & MC)
- Equilibrium of a Monopoly Firm/ Price, Output & Profit Determination (Short-run & Long-run)
