Questions -
Question 1:
a. How important is the existence of a significant barriers to entry to maintaining monopoly?
b. What would be the result if a monopoly market could easily be entered?
c. Why might a monopoly in a high-tech field such as computers , the Internet, and consumer electronics be rather short-lived?
Question 2: How to solve monopoly problem.
Question 3:
a. How do monopolistically competitive markets differ from perfectly competitive markets?
b. If monopolistically competitive firms are making economic profits in the short-run, what happens in the long-run?
Question 4: "Monopolistic competition has a little monopoly and a little competition, hence its name." Do you agree ? Why or why not?
Textbook - Microeconomics 4th edition by Eric Chiang.
Chapter 9 - Monopoly.
Chapter 10 - Monopolistic Competition, Oligopoly & Game Theory.