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Write a summary paper about the Chapter 25 "Monopoly and Price Discrimination".
On college campuses across the country, beverage companies like Coca Cola and Pepsi pay cash in exchange for monopoly power--exclusive rights to sell beverages on campus.
1. Describe and explain a monopolist's output decision.
2. Explain why a monopoly is socially inefficient.
3. Identify the tradeoffs associated with a patent.
4. Describe the practice of price discrimination.
Attachment:- Chapter Monopoly and Price Discrimination.pdf
Now you must decide: Do you stick with your original choice, curtain 3, or switch to curtain 1? Which action gives you the better chance of finding the grand prize?
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