Question
Paper 1 (both a+b) essay (a) Explain why monopoly power may be considered a type of market failure. [10] (b) Examine the role of barriers
Paper 1 (both a+b) essay
(a) Explain why monopoly power may be considered a type of market failure. [10]
(b) Examine the role of barriers to entry in making monopoly a less desirable marketstructure than perfect competition. [15]
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
