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Market Power and Monopoly
About this Free Flashcard Deck
Last update by
jkhoovs
on 02/11/2010
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Market Power and Monopoly
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Flashcard Deck Tags
Econ 201
,
Midterm 2
,
Market Power and Monopoly
Flashcard Review
1
MonopolyIf a competitive firm is a ...
2
Marginal revenue
3
Marginal cost
4
Price set by a monopolist is...
5
four things government can do to ...
Deck Author
jkhoovs
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Free Flashcard From Market Power and Monopoly
Question:
Marginal cost
Answer:
the change in total cost from an additional unit supplied.Original supply turns into this on a monopoly curve.