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12.2: Outcome: Introduction to Monopolies

  • Page ID
    249391
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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.

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    12.2: Outcome: Introduction to Monopolies is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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