Slide 17-1: WHAT IS PERFECT COMPETITION? Slide 2 Competition Economists classify markets based on how competitive they are Market structure: Describes the level of competition…
1. MONOPOLY1 2. IntroductionMONO = means “One”+POLY = means “ Sell”One Seller/ One Producer• Monopoly is the polaropposite of perfectcompetition.• Monopoly is…
Slide 1 AS Economics and Business How size affects market power Unit 2B By Mrs Hilton for revisionstation Slide 2 Slide 3 Lesson Objectives To be able to discuss: – the…