1. How is intellectual property different from other property?
2. How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
3. How can a monopolistic competitor tell whether the price it is charging will cause the firm to earn profits or experience losses?
4. What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?
5. What is predatory pricing? How might it reduce competition, and why might it be difficult to tell when it should be illegal?