1. List all of the characteristicsof a Monopoly 2) Using DeBeer'sDiamonds, Graph a Monopoly showing the Price,...
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1. List all of the characteristicsof a Monopoly
2) Using DeBeer'sDiamonds, Graph a Monopoly showing the Price, Quantity, Demand, MR, ATC, MC and Profit for Diamonds
3) Compare and Contrast the Price, Quantity, ATC, Profit for a Monopoly and a PC firm.Who has a higher price, quantity, ATC, and profit?Who is more efficient and why?
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