MONOPOLISITC ECONOMY

write formal arguments are among the goals of this course.write a short paper about the article using the tools learned in this course. The paper should include an explanation of the problem, a summary of the
arguments in the article, an analysis of these arguments and their implications. For example, one of the articles might report
that a firm is trying to cut its production to make more revenue. Your analysis should explain that a cut in supply ceteris paribus leads to an increase in the price, which would raise revenue if the demand for the good is relatively inelastic. The
price elasticity of the demand for the product depends on the availability of substitutes and other factors. You would want to
include a demand and supply graph illustrating these points.

INTENDED to use this article: http://www.nytimes.com/2002/10/29/business/business-travel-many-hotels-are-turning-fancy-spa-services-stand-soft-market.html

(if monopolisitic competition isnt what you want to write about, i can send you other options for articles) anyfurther questions…just ask mee :’ D

THINGS LEARNED IN CLASS:
opportunity cost, comparative advantage, demand analysis, supply equilibrium, utility analysis, production theory, output and cost, perfect competition, monopoly, monopolistic economy, ogliogpoly