Economics (McConnell) AP Edition, 19th EditionChapter 10:
Pure MonopolyThe content of this chapter may be included on the AP* Microeconomics exam. After reading this chapter, you should be able to: - List the characteristics of pure monopoly.
- Explain how a pure monopoly sets its profit-maximizing output and price.
- Discuss the economic effects of monopoly.
- Describe why a monopolist might prefer to charge different prices in different markets.
- Distinguish between the monopoly price, the socially optimal price, and the fair-return price of a government-regulated monopoly.
AP Chapter 10 Introduction
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