How do government-issued patents create a monopoly?

Why do high fixed costs and low variable costs lead to a natural monopoly in industries like utilities?

What is market power in the context of a monopoly?

How does a monopoly affect total surplus compared to perfect competition?

How does the bidding process for Google AdWords exemplify perfect price discrimination?

How does the Sherman Act of 1890 impact firms' pricing strategies?

Which of the following best describes the role of the Federal Trade Commission (FTC) in the context of antitrust laws?

A firm is found to have purchased significant stock in a competitor and placed its executives on the competitor's board. Which law is this firm likely violating?

A company is considering buying stock in a competitor and having its CEO serve on the competitor's board. Which law would this action potentially violate?

If a firm becomes a monopoly, what happens to its market share and the industry's HHI?

What are the potential implications of a four firm concentration ratio of 95% on consumer choice?

If the combined output of the top four firms is 800 units and the total industry output is 1000 units, what is the four firm concentration ratio?

How does a monopoly typically affect consumer welfare compared to perfect competition?