Page 271 - DECO401_MICROECONOMIC_THEORY_ENGLISH

Microeconomic Theory

Notes 13.21 Review Questions

1. What is monopoly? Explain it.
2. What do you mean by total income and the view of total cost?
3. What is meant by marginal revenue and marginal cost view?
4. Describe the necessary conditions of prices discrimination?

Answers: Self Assessment
1. Price 2. Monopolian 3. Below 4. Seller
5. (a) 6. (b) 7. (d) 8. (a)
9. True 10. False 11. True 12. False

13.22 Further Readings

1. Microeconomics—Frank Cowbell, Oxford University Press, 2007.
2. Microeconomics—Shipra Mukhopadhyay, Annie Books, 2011.
3. Microeconomics: An advanced Treatise—S.P.S Chauhan, PHI learning.

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