Why would a monopolist ever want to distort the nonprice term by, say, limiting liability for harm caused by defective products?
1. Monopoly distorts contracts by making prices too high. Why would a monopolist ever want to distort the nonprice term by, say, limiting liability for harm caused by defective products? 2. Assume that two kinds of buyers purchase contracts from a monopolist who promises to deliver goods in the future. One kind of buyer values […]


