2.1.1 Monopoly: Definition

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Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

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4.8 (483 ratings)

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NP

Aug 11, 2018

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I really appreciated the short form videos and abundant visual examples. I would take MANY more classes on Coursera if it were guaranteed that they would follow this format.

AN

Feb 10, 2021

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A great comtinuation of the principles of microeconomics. These two courses are so far my favorite on coursera! I wish the professor made more courses about microeconomics!

From the lesson

Monopoly

A monopoly is a case where there is only one firm in the market. We will define and model this case and explain why market power is good for the firm, bad for consumers. We will also show that society as a whole suffers from the lack of competition.

Taught By

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    Rebecca Stein

    Senior Lecturer

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