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Monopoly

Picture

Need to Know

At the end of this section the student should be able to:
1.Give examples of monopolistic markets in Ireland
2.Outline the assumptions underlying monopolies
3.Outline the barriers to entry that may exist in a monopoly market
4.Graph and describe the equilibrium of a monopoly
5.Outline the Advantages and 6.Disadvantages of Monopoly as a market structure
7.Outline the role of the Commission for Consumer Protection and Competition
8.Outline the difference between perfect competition and monopoly as market structures
9.Describe the three degrees of price discrimination
10.Outline the conditions necessary for price discrimination
11.Graph and describe the equilibrium of a monopoly that price discriminates into another market AND a perfectly competitive market









Resources

Exam Questions - SQ
Exam Questions - LQ
Monopoly Notes
Price Discrimination Notes

Useful Links

Competition Authority

Videos

Monopoly Explained
Monopolies that Compete in other markets
Monopoly - Khan Academy
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