the monoply cast is not an issue.
Emergence of monopoly power and concentration
monopoly powers all kinds of innovation
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
400 dollars
It will be so because it will not achieve a social equilbrium of marginal benefit (demand) = marginal cost (supply). It will instead set a private profit equilibrium where private benefit (marginal revenue) = marginal cost and thus create a deadweight inefficiency equal to the difference in total social surplus between the regions.
the cost of lawyers and lobbyists hired to convince lawmakers to continue the monopoly.
Emergence of monopoly power and concentration
natural monopoly
monopoly powers all kinds of innovation
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
400 dollars
$75
300
400 Dollars
It will be so because it will not achieve a social equilbrium of marginal benefit (demand) = marginal cost (supply). It will instead set a private profit equilibrium where private benefit (marginal revenue) = marginal cost and thus create a deadweight inefficiency equal to the difference in total social surplus between the regions.
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
Economists have often advocated antitrust policy, public enterprise, or regulation to control the abuse of monopoly power.