Study Notes

Monopoly Power and Economic Efficiency and Welfare

Level:
A-Level
Board:
AQA, Edexcel, OCR, IB

Last updated 3 Jul 2018

The conventional argument against market power is that monopolists can earn abnormal (supernormal) profits at the expense of efficiency and the welfare of consumers and society.

Monopoly and Economic Efficiency - Revision Video

Revision Video: Monopoly Power - Tips for Strong Analysis and Great Evaluation

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.