Economics Notes 10.29.07

Economics Notes 10.29.07 - companies become a monopoly...

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Monopolist P≠MC P>MC Q occurs where costs are not minimized they don’t produce at the efficient scale (no advantage in doing ), inefficient Antitrust laws - Increase competition, prevent anticompetitive behavior - Correct monopolies non-competitive nature - Prevent price-fixing (price-setting agreements between companies) (then those m
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Unformatted text preview: companies become a monopoly together because they are thinking as one) Price Discrimination Tickets to game 1. Non-students: BVs range from $0-100 2. Students: BVs range from $0-15...
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