ATTEMPT ALL QUESTIONS ON MONOPOLY ASSIGNMENT

1       Define the term monopoly                                                                      (2mrks)

2      what are the various forms of monopoly                                               (10mrks)

3      Explain the factors that give rise to monopoly                                      (10mrks)

4      What is the relationship between marginal revenue and average revenue under monopoly (3mrks)

5       Illustrate the demand curve under monopoly                                      (5 mrks)