Lecture

Monopoly and Market Power

In course

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Description

This lecture covers the concept of monopoly, analyzing the monopolist's optimum, marginal revenue, and the inefficiency of monopolies. It also explores price discrimination, the discriminating monopoly, and the monopsony market situation. The impact of competition on employment and wage rates is discussed, along with the monopolistic exploitation of labor.

Official source

https://mediaspace.epfl.ch/media/0_wwikmcsn

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Ontological neighbourhood

Economics

Macroeconomics: Competition, Markets

Microeconomics: Labor economics, Supply and demand

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