Education Monopoly2

1. Market Structures: MonopolyWeek 8 2. Barriers to Entry The Long run Barriers to entry: imply that a monopolist can still earn supernormal profits in the long run Define:…

Documents Warm-up: Look at the NFL on p. 160...How can a monopoly control output or price in an industry?

Slide 1 Warm-up: Look at the NFL on p. 160...How can a monopoly control output or price in an industry? Slide 2 In a capitalist society, when is it ok for the government…