■ ~~-~~1 ◄1'91111 ·(Monopoly) ~ { J -0

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◄I\Silttl 1'~ (Dennltlon of Mono poly) l Cf! 4/;Jt/Zi4 IIJ4>FI "Sff:I
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ef.ti . , fj.q" ff ~ oft, ~ ,qi'JJl1i4Z4> 41.f♦Zom'llf 4li911i4 cf'Cl'f I
~ IS1qHJ Mono •1f.4i<JI ~ \II-.~ Poly *IC"i<JI ~~ MtJrGI t 1!51~4!. ~ $ . -!I~
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• ~ -~-~- <!!◄!Cbt°t"11 <ll'Silttt 't◄f•l'IJ (Characteristics or Monopoly) : \IJ<l>Cb\tm WIC?Bt
~ ~ ..!J.q,Cb\tU1 <11\l!iltt<JI 't<lfiil't) 911'Gllt llTII I JliqlCb\tUt <tll!iilult .'t<lf-ltJ~tan 1511Cbilb.:\I ~
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~ w.( ~ . ~ ~ ~'-~ ~ l!l'l~ <tll!iil<JI ~'!11"1 001 111@1 .!1(\Jftt ~4!.9fl'l'R -e Clll'ltiC-111
~9111 ~ l~-i:l ~ c( f.hl:ti'1 11JTC<l> I
(~ ~ "1M<I~ _!itct.Ht 16111,l<I , 11t<IICbltYI ~11$ QI .!i!C•I.B¥ ~'-~ '<3 ~'11T-1 OOI ~HI C<lllc-\1
,Mfi 91§<1-t ~ ~ -.., 1~ CJl'\!itC>tt ~ ~ a C<llt .;P.t<1r.% '6IO!J -a-u ~ ~ ~ ..., 1
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~~ <ll0.lt'!3 !lt.4•1 ~ . '51~'1 l!J.q,CbltUlit GIRB<; QjfC<II 'fl I
~ ~ ~ f-lct1<J1 "Slttfl "11~ 1151'-l.~ : l!l<IICb!tm <11-!iil<JI ~ -u !itc.41it ~~ C<IIIC-ll 911~
~ 1~ '1 1!14 0S!tm <11'9!,Cit JI~ ~ ~ <11 MWr\!il Rt11i'I ">i'Sl~ ~'11T-1 ~ct ~ 1
~)- ~ ~~: 11l<lit5l'G411 <lliSrlc31 CGOl~ l!.Jiqli&SIIJI ~<ll 11l<llf'tS11.!l MC..!rl!ll ~
l.!l<I~ ~~It~ C<IIIC-41 ft '1ffi<IGa<U QjfC<II 'fl, C~iet,U l!l~ <11iailtit :1"6t'ltF1~ (.<II((}\( 'IP'l'il ~ I
~ ~ <illllliti'I "elN"JC{l1M1\blii:1<11 ~91"(}\'it C<lllt."11 ~t\lliSr-1 ~ ~ I
( ~) ifl1l f.t~ i ~¢t5ft \II <lliSit<JI lJ>lllf6 .!iit<Oit \S~9fl'IR '<l ~'itf.l 'f"'i_'NitC<I f.1.41~ <lltt'6
~ ~ B<IJ!tiil 11100 \S~ l!l<tlr.bfG\11 lf100 ~~ l!ITC<II I l!l~tbltm tft).fft f.\ts$i1 '!lC\11\SM ~
B<IJlt~ lf10Bl 91§<1'6,1 ¢~t'!i 9fITT '<!'(qi l!l♦Cblu\11 till~ ~ 1iITT-l f.t~ (Price M aker) I
• ~-~ -~ - l!l<PtbfG ~il <11'!ilC11 '1tl<1>1~ •l ,i11C\I lftOl\, 11.ittl>I ~~<fii1t~ lift!, '51~t..
i i~?!ltl BI 1rl'!: ~i$tblt4lt ctlGtltil 'lltl«Ptrifi,1 ?\lltll ~ --e tc."11\it-111 9\m1'1 A'lti1'1 (Profit
~

MaximlsS\tion condition of II Firm i.e. Equlllbriun1 o:r a Firm in the Short r un under
Monopoly : Price a nd Output deterininatio.n In the Short run under Monpoly) : C{J
~liSil<JI <11~ ~ Mt..!rl!it <ll i!!<lltt mill t!R5tr-i ~ 11~~J (.J(•l!lltl11'1 ~ l!l<lltt -a'U ~ '<l5c3l JI~~
aciJlt?i C<fitt•U 'elf.re 91F.l<I~ ~ IIITt<li 'TI, ~ '<lli!!ilitl<ll l!l<fitbltut <11i.Sili1 '<!'(qi I ~ <11iSilti1 MW'!ll
~ f;im I
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ISl'll>tl(.11) ~ . ~~ lj_rll..,.1 >tcAll:6 ~ I C{J fflct -a<u ~ li10I \4fi <1\?itil1 ..,.,of~ \ rlltll\ >tt.fia,
~ ~ . ~ lflSIC♦ ~ ~ 15\it>U~ 'iN Jl<l~ ~ ~~'11'1-l<.4i <t'il1l 'O \5\i1>U~ ©~9!TIR I
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~ CN1l ~~ ~~ l&lll>tlCSU ~ ~ ? (Relation between Elastic
ity ol
under Mono-
Demud and Equilibrium or lht Firm under Monopoly : Why the Firm
I ..!!<oC61tU1
poly is in Equilibrium in the Elosticily Range or the DemlUld Curve?)
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di<iitblt!11 ~ ! l ISilPIIC'llf?I t!Qfll ~ ~-~ f%JMl'1 1i lllllV (MR)=
~ VII (SMC)
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1!tllJ
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M~~ AR(1-;)
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