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If you complete the course successfully, your electronic Course Certificate will be added to your Accomplishments page - from there, you can print your Course Certificate or add it to your LinkedIn profile.

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This course is currently available only to learners who have paid or received financial aid, when available.

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Perfect Competition & Monopoly

Perfect Competition & Monopoly

This course is part of Principles of Microeconomics Specialization

Instructor: Pearson

Included with Learn more

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1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Analyze how price, output, and profit are determined in perfectly competitive markets in the short and long run.
Evaluate a monopoly's pricing strategies, output decisions, and the impacts of regulation and price discrimination.

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This course is part of the Principles of Microeconomics Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There is 1 module in this course

This course empowers you to analyze how firms behave in two key market structures: perfect competition and monopoly. You will learn to determine how competitive firms make profit-maximizing decisions and contrast this with how monopolies leverage market power and barriers to entry to set prices. This knowledge provides a crucial framework for evaluating business strategies, price discrimination, and the real-world impact of government regulation.

This course focuses on two fundamental market structures. It begins with a thorough examination of perfect competition, shedding light on its key attributes and the crucial concepts of maximizing profits and determining when to shut down operations. The course then transitions to the study of monopolies, scrutinizing their distinctive features, including market control and barriers to market entry. Additionally, it explores the intricacies of regulatory interventions, considering the efficacy of tools such as price caps and profit regulations in mitigating monopolistic dominance.

What's included

1 video2 assignments2 app items4 plugins

1 videoTotal 3 minutes

The Perfect Competition Model3 minutes

2 assignmentsTotal 120 minutes

Practice Quiz60 minutes
Graded Quiz60 minutes

2 app itemsTotal 105 minutes

Reading: Perfect Competition pp. 377-40450 minutes
Reading: Monopoly pp. 405-43555 minutes

4 pluginsTotal 20 minutes

Interactive: The Shutdown Decision5 minutes
Interactive: Profit-maximizing Output5 minutes
Interactive: Features of a Monopoly5 minutes
Interactive: Regulating a Monopoly5 minutes

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Instructor

Pearson

152 Courses179 learners

Offered by

Pearson

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Frequently asked questions

Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.

If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.

Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.