Park Place, Boardwalk... I want it all! Let's talk about Monopolies.

Concept #1: Characteristics of Monopoly

Concept #2: Monopoly Barriers to Entry

Concept #3: Monopoly Demand Curve

Practice: Which of the following is NOT a defining feature of monopolies?

Practice: Which of the following is LEAST likely to operate as a monopoly?

Practice: A patent

Practice: A distinct characteristic of a natural monopoly is that