February 2016
Beginner to intermediate
500 pages
33h 40m
English
Monopoly: one parrot.
Describe how a monopoly chooses an output level to maximize its profit.
Define and measure the extent of a monopoly’s market power.
Show how monopoly causes a market failure.
Identify the causes of monopoly.
Explain how a monopoly uses advertising to increase its profit.
Describe how a monopoly may take advantage of behavioral network effects to increase its profit.