List all of the characteristics of a monopoly

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1) List all of the characteristics of a Monopoly

2) Using DeBeer's Diamonds, Graph a Monopoly showing the Price, Quantity, Demand, MR, ATC, MC and Profit for Diamonds

3) Compare and Contrast the Price, Quantity, ATC, Profit for a Monopoly and a PC firm. Who has a higher price, quantity, ATC, and profit? Who is more efficient and why?

Reference no: EM132586835

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