Q1. Define the term Monopoly.
Q2. Differentiate between the firm demand and industry demand.
Q3. Trace the relationship among the price and revenues under monopoly.
Q4. describe how do you categorize the market?
Q5. describe what are the essential and sufficient conditions for equilibrium of the firm beneath perfect competition?
Q6. Describe what makes a monopoly? Describe in detail.
Q7. Compare and contrast the monopoly with perfect competition.
Q8. What do you mean by price discrimination?