In this article we look at what happens when there are only a few manufacturers. For simplicity, we will start with the market with only one supplier, the monopolist. We analyze the price the monopolist charges and the number of output he or she produces, how these decisions affect the overall well-being, and when government intervention can increase total welfare. "Hide
by Peter Debaere 5 pages. Publication Date: June 15, 2011. Prod. #: UV5688-PDF-ENG
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