Monopoly

P. J. Curwen

Chapter Chapter 4 in The Theory of the Firm, 1976, pp 20-30 from Palgrave Macmillan

Abstract: Abstract A monopoly is held to exist where a firm is the sole supplier of a particular good or service. Such a firm therefore has no existing competitors, and is protected by barriers to entry (see pp. 71–82) from the encroachment into its markets of potential competitors.

Keywords: Consumer Surplus; Demand Curve; Price Discrimination; Traditional Theory; Marginal Revenue (search for similar items in EconPapers)
Date: 1976
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DOI: 10.1007/978-1-349-15645-0_4

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