Monopoly and Monopolistic Competition

Victor J. Tremblay and Carol Horton Tremblay
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Victor J. Tremblay: Oregon State University
Carol Horton Tremblay: Oregon State University

Chapter Chapter 6 in New Perspectives on Industrial Organization, 2012, pp 145-162 from Springer

Abstract: Abstract In this chapter, we discuss the market structures of monopoly and monopolistic competition. Unlike perfect competition which has many sellers, a monopoly market has just one seller. In this sense, it is the polar opposite of perfect competition.

Keywords: Marginal Cost; Optimal Price; Marginal Revenue; Monopoly Power; Deadweight Loss (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-1-4614-3241-8_6

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DOI: 10.1007/978-1-4614-3241-8_6

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