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11: Monopoly

Last updated

Jan 4, 2021
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- 10.3: Long-Run Outcomes
- 11.1: Introduction to Monopoly

Boundless
Boundless

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Topic hierarchy

11.1: Introduction to Monopoly
A monopoly is an economic market structure where a specific person or enterprise is the only supplier of a particular good.
11.2: Barriers to Entry: Reasons for Monopolies to Exist
Control over a natural resource that is critical to the production of a final good is one source of monopoly power.
11.3: Monopoly Production and Pricing Decisions and Profit Outcome
Monopolies, as opposed to perfectly competitive markets, have high barriers to entry and a single producer that acts as a price maker.
11.4: Impacts of Monopoly on Efficiency
A monopoly generates less surplus and is less efficient than a competitive market, and therefore results in deadweight loss.
11.5: Price Discrimination
In a competitive market, price discrimination occurs when identical goods and services are sold at different prices by the same provider.
11.6: Monopoly in Public Policy
A monopoly can diminish consumer choice, reduce incentives to innovate, and control supply to enforce inequitable prices in a society.

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