write a page about "monopoly" and how it relates to Microeconomics, homework help

Anonymous
timer Asked: Apr 9th, 2017
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Question Description

Find an article about monopoly and write a one page summary about how it relates to Microeconomics course. It should be pretty simple wording.

Please Attach the Article to the one page summary in a word doc

Tutor Answer

SIMPLIFIED
School: Carnegie Mellon University

Attached.

OUTLINE
1. INTRODUCTION
2. BODY
3. CONCLUSION
4. REFERENCE


1

ECONOMICS

Monopoly In Relation To Microeconomics
Name:
Instructor:
Institutional Affiliation:
Date:

ECONOMICS

2

Microeconomics is a branch of economics where we study the behavior of individual unit
of economy like households, firms and persons. Monopoly, however, is a principle of
microeconomics covering a market structure that consists of a single seller having a sole product
with no close substitute. Monopoly has power in the market and is a price maker due to lack of
competition (Weller, Kleer, & Piller, 201...

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Anonymous
awesome work thanks

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