Intermediate Microeconomics: Monopoly Power in Markets

Overview/Description
To examine monopoly profit maximization, market power, the reasons for monopolies, and how government actions limit the market power of monopolies

Target Audience
Managers and prospective managers seeking to understand the theories and practice of consumer behavior and demand, and of production, cost, and supply

Prerequisites
A familiarity with basic economics

Expected Duration
4:00 Hours

Objectives:

Intermediate Microeconomics: Monopoly Power in Markets

  • To explain monopoly profit maximization
  • To examine market power in monopolies
  • To explain the reasons for monopolies
  • To discuss how government actions limit a monopoly's market power


    • Course Number: KME25SE