2.2.4 Monopoly vs Perfect Competition: Example of Dead Weight Loss

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Del curso dictado por Universidad de Pensilvania
Microeconomics: When Markets Fail
208 ratings
Universidad de Pensilvania
208 ratings
De la lección
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.

Conoce a los instructores

  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer
    Economics