Abstract
In a market that goes from many suppliers to just one supplier, the advent of monopoly has an immediate effect: change in supply in that market. The pure monopoly model, discussed in Chap. 2, represents the monopoly effect in a given market. The effect is anti-competitive: price rises above the many-supplier competitive level, and goods quantity falls, doubly bad for consumers. The simplicity of the pure monopoly model is a virtue but also limits the range of behavior and outcomes that can be discussed within it.
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References
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Gilbert, S. (2018). Monopoly Spillover Effects. In: Multi-Market Antitrust Economics. Quantitative Perspectives on Behavioral Economics and Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-69386-6_3
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DOI: https://doi.org/10.1007/978-3-319-69386-6_3
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Publisher Name: Palgrave Macmillan, Cham
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Online ISBN: 978-3-319-69386-6
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