Teaching PowerPoints
Revision Presentation - Price and Output under Monopoly
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 22 Mar 2021
This is a revision presentation on the standard theory of monopoly as a market structure.
A pure monopolist is a single supplier that dominates the entire market – the market has 100% concentration
In reality – the UK Competition and Markets Authority (CMA) deems that working monopoly is any firm with greater than 25% of the industries' total sales
A dominant firm is a firm that has at least 40% of their given market
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