Monopoly Assignment | Get Paper Help

use simple language third year university student,

EXTREMELY IMPORTANT to follow instructions provided in the TWO files i uploadedList of concepts that you can find articles to explain:
1) Principle 1: People face tradeoffs
2) Principle 2: Opportunity Cost: The cost of something is what you give
up to get it
3) Principle 3: Rational people think at the margin
4) Principle 4: People respond to incentives
5) Principle 5: Trade (or Specialization) can make everyone better off
6) Principle 6: Markets are usually a good way to organize economic
activity
7) Principle 7: Governments can sometimes improve market outcomes
8) The production possibilities frontier
9) Absolute advantage
10) Comparative advantage
11) Demand curve: a change in the price of the good itself
12) Demand curve: a change in income: normal good
13) Demand curve: a change in income: inferior good
14) Demand curve: a change in the prices of related goods: substitutes
15) Demand curve: a change in the price of related goods: complements
16) Demand curve: a change in the number of buyers
17) Demand curve: a change in tastes and preferences
18) Demand curve: a change in buyers’ expectations
19) Supply curve: a change in the price of the good itself
20) Supply curve: a change in input prices
21) Supply curve: a change in technology
22) Supply curve: a change in sellers’ expectations
23) Supply curve: a change in the number of sellers
24) A market equilibrium
25) A market surplus
26) A market shortage
27) The price elasticity of demand
28) The price elasticity of supply
29) The income elasticity of demand
30) The cross-price elasticity of demand
31) A price ceiling
32) A price floor
33) A tax on buyers and/or sellers
34) Consumer surplus
35) Producer surplus
36) The benevolent social planner and total surplus
37) Efficiency—allocating resources to maximize total surplus
38) Equality—allocating resources uniformly
39) Market failure
40) An externality (either positive or negative) and the attempt to
resolve it
41) Chapter 13 Table 3: Two of the many types of costs
42) Profit maximization in a competitive firm
43) Sunk cost
44) Monopoly
45) Price discrimination
46) Oligopoly