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Revision Presentation - Price and Output under Monopoly

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

Last updated 22 Mar 2021

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This is a revision presentation on the standard theory of monopoly as a market structure.

Economics of Monopoly

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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