MONOPOLY OUTPUT AND WELFARE - THE ROLE OF CURVATURE OF THE DEMAND FUNCTION

Authors
MALUEG DA
Citation
Da. Malueg, MONOPOLY OUTPUT AND WELFARE - THE ROLE OF CURVATURE OF THE DEMAND FUNCTION, The Journal of economic education, 25(3), 1994, pp. 235-250
Citations number
14
Categorie Soggetti
Education & Educational Research",Economics
Journal title
The Journal of economic education → ACNP
ISSN journal
00220485
Volume
25
Issue
3
Year of publication
1994
Pages
235 - 250
Database
ISI
SICI code
0022-0485(1994)25:3<235:MOAW-T>2.0.ZU;2-T
Abstract
A monopolist with increasing marginal cost, facing a concave demand fu nction, is shown to produce at an output level that is at least half a s large as the socially efficient level.