Monopoly Chapter 15 Author: Prof.Sharif Memon Monopoly While a competitive firm is a price taker, a monopoly firm is a price maker. Monopoly A firm is considered a monopoly…

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Slide 1 Chapter 15 MonopolyMonopoly © 2002 by Nelson, a division of Thomson Canada Limited Slide 2 Mankiw et al. Principles of Microeconomics, 2nd Canadian Edition Chapter…