This week’s topics
Monopoly
- One main seller
- Good and bad points of monopoly
What you will be able to do
- 4.1 Compare perfect competition and monopoly.
- 4.2 Identify examples of each structure in real markets.
Activity
Compare a monopoly market with a competitive one.
Study materials
Further resources
- Principles of Economics 3e, ch. 9.1: How monopolies form – barriers to entry · PDF · OpenStax (2022); pp. 217–220 · for registered students
- Principles of Economics 3e, ch. 9.2: How a monopoly chooses output and price · PDF · OpenStax (2022); pp. 221–236 · for registered students
- Principles of Economics 3e, ch. 11.2: Regulating anticompetitive behaviour · PDF · OpenStax (2022), good and bad points of monopoly; pp. 266–267 · for registered students
- Antitrust in a time of populism · Open-access article · Shapiro (2018), International Journal of Industrial Organization. When one firm dominates a market: the good and bad points of monopoly power. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
