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Monopoly demand curve and marginal revenue curve

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Reference no: EM132885864

1. Explain the relationship between a monopoly's demand curve and its marginal revenue curve.

2. Describe how managers of a dominant firm determine the quantity and price that maximize profit.

3. Explain why cartels are potentially profitable but unstable and difficult to sustain.

4. Apply the economic theory of cartels and the different types of oligopolies to help make more profitable managerial decisions.

5. Explain the goals of the major U.S. antitrust laws and policies that promote competition.

6. Compare U.S. antitrust laws to competition laws in the European Union and China.

Reference no: EM132885864

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