Chap008.ppt
Chapter 8
Monopoly A monopoly is the sole supplier of a product with no close substitutes The most important characteristic of a monopolized market is barriers.
1 Monopoly CHAPTER 9 © 2003 South-Western/Thomson Learning.
CHAPTER 7 MARKET STRUCTURE. 7.1 Perfect Competition and Monopoly Objectives- Distinguish the features of perfect competition. Describe the barriers.
Monopoly. Monopoly A monopoly is one business firm that produces the entire market supply of a particular good or service. A monopoly is one business.
Monopoly
Chapter 7 market structure
