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1)What are the important characteristics of monopoly firms? Why monopoly is desirable? 2)What is the Excess Capacity and mark up for the Monopolistic Competitive firms?

1)What are the important characteristics of monopoly firms? Why monopoly is desirable?

2)What is the Excess Capacity and mark up for the Monopolistic Competitive firms?

3)What is monopolist's "Price Discrimination" strategy? How the strategy Is used to maximize profit for the monopoly firms?

4)What are the most important strategies for the Monopolistic Competitive firms to maximize profits? Give an example.

5) When a profit maximising firm (Monopoly) shut down the production in the short run?

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