2.1.1 Monopoly: Definition

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Externality, Economics, Microeconomics, Market (Economics)

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I really appreciated the short form videos and abundant visual examples. I would take MANY more classes on Coursera if it were guaranteed that they would follow this format.

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Rebecca is knowledgeable and explains very clearly. Great teacher and great course. I’d love another course and more numerical exercises if possible. Great course, thanks!!

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Monopoly

A monopoly is a case where there is only one firm in the market. We will define and model this case and explain why market power is good for the firm, bad for consumers. We will also show that society as a whole suffers from the lack of competition.

Enseigné par

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    Rebecca Stein

    Senior Lecturer

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