Tuesday 25 January 2011

Monopoly

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....

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