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Title:MonopolyandMicroeconomics;TheresearchpaperwilldevelopthetheoryofMonopolyandkeyunderstandingofthe;purposeforthismarketstructure.Itwilldelveintothebarriersofentry,explainwhat;Monopoliesdo,andwhytheyexist.Withthemostimportantaspectfocusingonthe;demandandtheeconomicaffectsofaMonopoly.Thepaperwillfinishwithhowthe;needofregulationisabletocontrolthesemarkets.;Outline:MonopolyandMicroeconomics;ThomasTorbert;BODY;I.;What is Monopoly and how it relates to Microeconomics;A. A company that has market power of goods;B. Single provider of good;C. Main goal is to maximize profit;II.;How Monopolies arise and barriers of entry;A. Market power;B. Market Structure;1. Monopoly;2. Oligopoly;3. Monopolistic Competition;C. Barriers to entry;1. Government regulation;2. Legal;3. Natural;4. Artificial;III.;The demand and effects;A. Marginal revenue (curve);B. Price elasticity;C. Profit Maximization;IV.;Regulation and control;A. Government;1. Prevent over pricing;2. Quality of product;3. Establish market competition;4. Price ceiling;Conclusion;Summarize the main facts for the purpose and effects of a Monopoly

 

Paper#15499 | Written in 18-Jul-2015

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