Define and Discuss on Costs of Monopoly

Basic purpose of this article is to Define and Discuss on Costs of Monopoly. Here explain Costs of Monopoly in economics point of view with figure and example. A monopolist produces less end result and sells it with a higher price than the perfectly competitive firm. The monopolist’s behavior is costly on the consumers who demand the particular monopolist’s output. The cost on the consumer of a monopolistic market structure could be the reduction in consumer surplus that results from monopoly end result and price decisions.