Monopolies - Profits and Pricing

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The writer looks at monopolies from an economics perspective. The first section shows the way that demand, costs and quantity may show monopoly profit in a graph format. The second section considers the way in which a welfare cost is associated with monopolies. The third section discusses the potential use of discriminatory pricing by a monopoly and the impact it may have on profit and the last part discusses the impact this will have on different stakeholders. Three sources are cited in the bibliography of this nine page paper.