Pure Monopoly Model

Scott Gilbert
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Scott Gilbert: Southern Illinois University

Chapter 2 in Multi-Market Antitrust Economics, 2018, pp 15-33 from Palgrave Macmillan

Abstract: Abstract The classical model of the anti-competitive and socially undesirable monopoly is the pure monopoly model. In this model, the monopolist provides less output—at a higher price—than would be provided by competitive firms facing the same production costs. The output drop and price hike are both anti-competitive negative consequences to consumers of monopoly. The model accommodates other measures of anti-competitive harm, including changes in consumer surplus and total surplus.

Keywords: Pure monopoly; Anti-competitive; Marginal cost; Demand curve; Consumer surplus; Total surplus (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-69386-6_2

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