Market structures: Non-competitive markets: Monopoly

Activity

Principles of Microeconomics: "Chapter 10: Monopoly"

• Read this chapter to learn the characteristics, workings, and effects of the monopoly model. Take a moment to read through the stated learning outcomes for this chapter of the text, which you can find at the beginning of each section. These outcomes should be your goals as you read through the chapter. Attempt the "Try It” problems at the end of each section before checking your answers.

MIT OpenCourseWare: Jon Gruber's "Monopoly I"

• Watch this lecture for an explanation of the monopoly model.

OpenStax College: "Microeconomics, Chapter 9: Monopoly"

• Read Chapter 9, which discusses monopolies.

Khan Academy: "Monopoly Basics"

• Watch this video about monopoly basics.

Khan Academy: "Review of Revenue and Cost Graphs for a Monopoly"

• Watch this video about revenue and cost graphs for a monopoly.

Khan Academy: "Monopolist Optimizing Price (Part 1): Total Revenue"

• Watch this video about monopolist optimizing price and total revenue.

Khan Academy: "Monopolist Optimizing Price (Part 2): Marginal Revenue"

• Watch this video about monopolist optimizing price and marginal revenue.

Khan Academy: "Monopolist Optimizing Price (Part 3): Dead Weight Loss"

• Watch this video about monopolist optimizing price and dead weight loss.