2.2.3 Monopoly vs Perfect Competition: Numerical Example

Del curso dictado por University of Pennsylvania
Microeconomics: When Markets Fail
290 calificaciones
University of Pennsylvania
290 calificaciones
De la lección
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

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