APA format this as well, but try to write about 500 words. You don’t need to cite any sources for this one.

Write on Monopoly

Chapter 24

• 24.1 Identify situations that can give rise to monopoly

• 24.2 Describe the demand and marginal revenue

conditions a monopolist faces

• 24.3 Discuss how a monopolist determines how much

output to produce, what price to charge, and the

amount of its profits

• 24.4 Understand price discrimination

• 24.5 Explain the social cost of monopolies