THE BEHAVIOR AND THE SOCIAL COSTS OF A MONOPOLY
DOI:
https://doi.org/10.5281/zenodo.15095162Keywords:
Monopoly, Social Costs, Welfare Loss, Price Maker, Rent- Monopoly Power, MicroeconomicsAbstract
This article examines behavior and social costs associated with monopolies from a microeconomic perspective, emphasizing implications of monopolistic practices on societal welfare. The primary characteristics of monopolies are defined, setting foundation for an exploration of relevant literature. The concept of social costs in monopoly contexts is explored, highlighting key contributions from economists.
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