The two conditions that need to hold to allow a single seller to become a monopolist are that the firm must

Of the following conditions, which one is a requirement for price discrimination?

In the long run, monopolistically competitive firms earn zero economic profits because

The city of Huntsville is known for its wide variety of ice cream shops. What will happen if Nicola’s Ice Cream Castle raises the price of its shakes?

Elasticity is 

A less elastic demand for a good could result from

If consumption of a good creates positive externalities, then

Total cost is 

Market structure is determined by the

A firm’s profit is