Academic Paper from the year 2017 in the subject Economics – Micro-economics, grade: 1, Post University, language: English, abstract: This paper is about monopoly industries. During this work I will outline how monopolies are protected from competition, including laws that prohibit competition, technological advantages, and certain configurations of demand and supply. Furthermore, I will then discuss how a monopoly will choose its profit-maximizing quantity to produce and what price to charge. Lastly comes the exploration of how monopolistically competitive firms choose their profit-maximizing level of output.
Giới thiệu về tác giả
I was born and raised in Vienna, Austria. My studies brought me to the south of France and then 4 years of the US. Since roughly 4 years live and work in Investment Banking with a focus on the Swiss Capital Markets & M&A in Zurich, Switzerland.
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