Advantages and Disadvantages of Monopoly Power
- Levels: A Level, IB
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
Some of the key potential advantages and drawbacks of monopoly power in markets are discussed in this revision video together with some of the diagrams that will help secure high marks for analysis.
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- Economics
- Student videos
- Monopoly
- Natural monopoly
- Local monopoly
- Dominant Firm
- Anti-Competitive Behaviour
- Supernormal profit
- Economic Efficiency
- Dynamic efficiency
- Productive efficiency
- Pareto efficiency
- Productive Inefficiency
- X-inefficiency
- Allocative efficiency
- Competition Policy
- Social welfare
- Economic welfare
- Welfare economics
- Consumer surplus
- Show more...
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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