Why Monopoly
- 2. PriceMarginal Cost=Average CostQuantity of steel
- 3. PriceAggregate DemandMarginal Cost=Average CostQuantity of steel
- 4. Perfect CompetitionPriceAggregate DemandMarginal Cost=Average CostEquilibriumIn CompetitionQuantity of steel
- 5. In MonopolyPriceAggregate DemandMarginal Cost=Average CostEquilibriumIn CompetitionMarginal RevenueQuantity of steel
- 6. MonopolyPriceAggregate DemandMarginal Cost=Average CostQuantityproducedIn MonopolyEquilibriumIn CompetitionMarginal RevenueQuantity of steel
- 7. MonopolyPriceAggregate DemandEquilibriumIn MonopolyMarginal Cost=Average CostEquilibriumIn CompetitionMarginal RevenueQuantity of steel
- 8. People underestimate the costbecause of pollutionPriceAggregate DemandEquilibriumIn MonopolyMarginal Cost=Average CostEquilibriumIn CompetitionMarginal RevenueQuantity of steel
- 9. People underestimate the costbecause of pollutionPriceAggregate DemandEquilibriumIn MonopolyMarginal Cost=Average CostEquilibriumIn CompetitionQuantity of steel
- 10. Social Cost is more than thatPriceAggregate DemandEquilibriumIn MonopolySocial costby pollutionMarginal Cost=Average CostEquilibriumIn CompetitionQuantity of steel
- 11. PriceAggregate DemandReal CostEquilibriumIn MonopolyEquilibriumIn CompetitionQuantity of steel
- 12. PriceAggregate DemandEfficiency EquilibriumReal CostEquilibriumIn MonopolyEquilibriumIn CompetitionQuantity of steel