2.2.1 Monopoly vs Perfect Competition

En provenance du cours de University of Pennsylvania
Microeconomics: When Markets Fail
284 notes
University of Pennsylvania
284 notes
À partir de la leçon
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.

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  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer

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