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Monopoly Output and Welfare: The Role of Curvature of the Demand Function

Monopoly Output and Welfare: The Role of Curvature of the Demand Function A monopolist with increasing marginal cost, facing a concave demand function, is shown to produce at an output level that is at least half as large as the socially efficient level. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Economic Education Taylor & Francis

Monopoly Output and Welfare: The Role of Curvature of the Demand Function

The Journal of Economic Education , Volume 25 (3): 16 – Jun 1, 1994

Monopoly Output and Welfare: The Role of Curvature of the Demand Function

The Journal of Economic Education , Volume 25 (3): 16 – Jun 1, 1994

Abstract

A monopolist with increasing marginal cost, facing a concave demand function, is shown to produce at an output level that is at least half as large as the socially efficient level.

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References (13)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis
ISSN
2152-4068
eISSN
0022-0485
DOI
10.1080/00220485.1994.10844832
Publisher site
See Article on Publisher Site

Abstract

A monopolist with increasing marginal cost, facing a concave demand function, is shown to produce at an output level that is at least half as large as the socially efficient level.

Journal

The Journal of Economic EducationTaylor & Francis

Published: Jun 1, 1994

There are no references for this article.