Google
Wednesday 
December 12, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
BBB: The abbreviation for the Better Business Bureau, a group of businesses and organizations in a local community that seek to eliminate unethical business practices and protect consumers. The first Better Business Bureau was established in 1912 in Minnesota. Today, most local communities (read this as cities) throughout North America have Better Business Bureaus. This private response to questionable business practices should be compare with the government response, the Federal Trade Commission.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson Contents
Unit 1: Intro
  • Definition
  • Making A Monopoly
  • Real World Monopoly
  • Perfect Competition
  • Imperfect Competition
  • Unit 1 Summary
  • Unit 2: Revenue
  • Market Control
  • Monopoly Demand
  • Monopoly Revenue
  • The Numbers
  • Marginal Revenue
  • The Curves
  • Elasticity And The Curves
  • Unit 2 Summary
  • Unit 3: Output
  • Motivation
  • Total Numbers
  • Marginal Numbers
  • Total Curves
  • Profit Curve
  • Marginal Curves
  • Unit 3 Summary
  • Unit 4: Evaluation
  • Economic Profit
  • Loss Minimization
  • Efficiency
  • Short-Run Supply?
  • Unit 4 Summary
  • Unit 5: Regulation
  • Inefficiency
  • Antitrust Laws
  • Regulatory Pricing
  • Unit 5 Summary
  • Course Home
    Monopoly

    While this lesson on monopoly is not necessarily a "how to" guide for the monopolization of a market, it does provide insight into the nature and function of the monopoly market structure. We get a little insight into how a monopoly is created, and a lot of insight into what a monopoly does once it does have control of the market. Throughout this lesson, I'll me making snide comments about how inefficient monopoly is compared to more competitive markets.

    • The first unit of this lesson, One Firm, begins this lesson with a look at the nature of monopoly and how it is related to other market structures.
    • In the second unit, Revenue, we examine the revenue side of a market dominated by monopoly -- including total revenue, average revenue, and marginal revenue.
    • The third unit, Output, then looks at the profit-maximizing output production decision by a monopoly using assorted graphs and tables.
    • In the fourth unit, Evaluation, we analyze the profit-maximizing decision of monopoly in terms of profit, loss, efficiency, and short-run supply.
    • The fifth and final unit, Regulation, then closes this lesson by considering the role government plays in regulating monopoly.

    BEGIN Lesson =>


    <=PREVIOUS Lesson | NEXT Lesson =>

    PRICE CHANGE, UTILITY ANALYSIS

    A disruption of consumer equilibrium identified with utility analysis caused by changes in the price of a good, which likely results in a change in the quantities of the goods consumed. The change in the price alters the marginal utility-price ratio and forces a reevaluation of the rule of consumer equilibrium.

    Complete Entry | Visit the WEB*pedia


    APLS

    GREEN LOGIGUIN
    [What's This?]

    Today, you are likely to spend a great deal of time at a dollar discount store hoping to buy either a really, really exciting, action-filled video game or a coffee cup commemorating the moon landing. Be on the lookout for jovial bank tellers.
    Your Complete Scope

    This isn't me! What am I?

    Two and a half gallons of oil are needed to produce one automobile tire.
    "Defeat is simply a signal to press onward."

    -- Helen Keller, lecturer, author

    DARA
    Decreasing Absolute Risk Aversion
    A PEDestrian's Guide
    Xtra Credit
    Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

    User Feedback



    | AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
    | About Us | Terms of Use | Privacy Statement |

    Thanks for visiting AmosWEB
    Copyright ©2000-2018 AmosWEB*LLC
    Send comments or questions to: WebMaster