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Monopoly and the public interest

Monopoly and the public interest. £. MC monopoly. AR = D. MR. Q. Monopoly and the public interest. £. MC monopoly. AC monopoly. P 1. AC 1. AR = D. MR. Q 1. Q. Monopoly and the public interest. £. MC monopoly. AC monopoly. P 1. AC 1. AR = D. MR. Q 1. Q.

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Monopoly and the public interest

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  1. Monopoly and the public interest £ MCmonopoly AR = D MR Q

  2. Monopoly and the public interest £ MCmonopoly ACmonopoly P1 AC1 AR = D MR Q1 Q

  3. Monopoly and the public interest £ MCmonopoly ACmonopoly P1 AC1 AR = D MR Q1 Q

  4. Why do we think Monopoly is bad? £ MCmonopoly ACmonopoly P1 AC1 AR = D MR Q1 Q

  5. If we had perfect competition then P=MC, price is lower £ andquantity is higher MCmonopoly ACmonopoly P1 PPC AC1 AR = D MR Q1 Q QPC

  6. But what if Perfect competitive firm is small and unable to exploit returns to scale £ MCperfect competition MCmonopoly ACmonopoly PPC PM ACM AR = D MR QPC QM Q

  7. But what if Perfect competitive firm is small and unable to exploit returns to scale £ MCperfect competition MCmonopoly ACmonopoly PPC PM ACM AR = D MR QPC QM Q

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