FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Monopoly is a market structure in which a single firm is the sole seller of a product with no close substitutes, giving it price-making power and leading to higher prices and lower output than in competitive markets.

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Course curriculum

    1. Monopoly Overview

    2. What Is A Monopoly?

    3. Demand, Marginal Revenue, and the Price Effect

    4. Profit Maximization for a Monopolist

    5. Monopoly and Economic Welfare

    6. The Costs and Benefits of Monopoly

    7. Public Policy Toward Monopolies

    8. Real-World Applications & Case Studies

    9. Comparing Perfect Competition and Monopoly

    10. Price Discrimination

    11. 1st Degree or Perfect Price Discrimination

    12. Second Degree Price Discrimination

    13. Third Degree Price Discrimination

    14. The Social Welfare of Price Discrimination

    15. Monopoly Quiz

    16. The Economic Theory That Shows Ticketmaster Didn’t ‘Rip Off’ Taylor Swift Fans

Additional Market Structures Modules

Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.