Tuesday, 25 January 2011


In this video I look at what is a monopoly? what characteristics does it have? Why might a firm want to be one? How does it do its pricing? What does a monopoly diagram look like? What efficiencies are associated with a monopoly? What are the costs and benefits to consumers? 

I also made a booklet on this, please click here to see it.

1 comment:

  1. good explanation though the diagrams seem a bit awry....