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12.13: Outcome- Introduction to Monopolies

Last updated

Oct 12, 2022
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- 12.12: Glossary- Monopoly
- 12.14: Reading- Introduction to Monopolies

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What you’ll learn to do: define the characteristics of a monopoly

Businesses love the idea of a free-market economy, so why then, would a business want to become a monopolist? Just think…if a business can control the entire market for a product, then they eliminate competition and are almost guaranteed a profit. In this outcome, you’ll learn about what a monopoly is and why firms try to eliminate their competition.

LEARNING ACTIVITIES

The learning activities for this section include the following:

Reading: Introduction to Monopolies
Self Check: Introduction to Monopolies

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.

Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution

What you’ll learn to do: define the characteristics of a monopoly

LEARNING ACTIVITIES

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