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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
38 Chapter 3
Finally, an important feature of a pure monopoly is that a monopolized industry is a single-rm
industry, i.e., there is no distinction between the rm and the industry. erefore, there is no distinction
between market demand curve and monopoly rm’s own demand curve, i.e., the demand curve for the
monopoly rm’s product is same as the market demand curve.
Sources and Kinds of Monopolies
e emergence and survival of monopoly are attributed to the factors which prevent the entry of other
rms into the industry. e barriers to entry are, therefore, the sources of monopoly power. e major
sources of barriers to entry are (i) legal ...
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Publisher Resources

ISBN: 9788131797655