1. Profit Maximisation under Perfect Competition and Monopoly 2. Alternative Market Structures Classifying markets (by degree of competition) number of firms freedom of entry…
Slide 1 Slide 2 Chapter 5 & 6.2.1 Main Monopoly Chapter 5 & 6.2.1 Main Monopoly Slide 3 REVENUE Revenue curves when price varies with output (downward-sloping demand…