2.1.1 Monopoly: Definition

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Externality, Economics, Microeconomics, Market (Economics)

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AN
2021年2月10日

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!

SM
2021年3月9日

Rebecca is knowledgeable and explains very clearly. Great teacher and great course. I’d love another course and more numerical exercises if possible. Great course, thanks!!

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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.

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    Rebecca Stein

    Senior Lecturer

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