2.2.6 Why do we allow monoplies?

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Del curso dictado por University of Pennsylvania
Microeconomics: When Markets Fail
245 calificaciones
University of Pennsylvania
245 calificaciones
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

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