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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
Price and Output Determination Under Monopoly 71
but the output is less than that at price OP
1
. In both the cases, however, the total output under regulated
monopoly is much greater than that under unregulated monopoly. Which of the two alternative prices
(OP
1
or OP
2
) is more appropriate is a matter of debate and policy.
MEASURES OF MONOPOLY POWER
e degree of monopoly power matters a great deal in pricing and output decisions of a monopolist and
in respect of control and regulation of monopolies. We discuss here the various measures of monopoly
power.
Measuring monopoly power has been a very dicult problem. e eorts to devise a method for ...
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Publisher Resources

ISBN: 9788131797655