{"id":133,"date":"2024-05-29T23:17:09","date_gmt":"2024-05-29T23:17:09","guid":{"rendered":"https:\/\/course.oeru.org\/miec103\/?page_id=133"},"modified":"2024-05-29T23:17:09","modified_gmt":"2024-05-29T23:17:09","slug":"non-competitive-markets","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/miec103\/learning-pathways\/introduction-to-market-structures\/non-competitive-markets\/","title":{"rendered":"Non-competitive markets"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/miec103\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Activity<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/saylordotorg.github.io\/text_principles-of-microeconomics-v2.0\/s13-monopoly.html\">Principles of Microeconomics: &#8220;Chapter 10: Monopoly&#8221;<\/a>\n<\/p>\n<ul>\n<li> Read this chapter to learn the characteristics, workings, and effects of the monopoly model. Take a moment to read through the stated learning outcomes for this chapter of the text, which you can find at the beginning of each section. These outcomes should be your goals as you read through the chapter. Attempt the &#8220;Try It\u201d problems at the end of each section before checking your answers.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.youtube.com\/watch?v=dSYEpLkDThw\">MIT OpenCourseWare: Jon Gruber&#8217;s &#8220;Monopoly I&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this lecture for an explanation of the monopoly model.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/cnx.org\/contents\/6i8iXmBj@10.168:WXgRcPaN@10\/Introduction-to-a-Monopoly\">OpenStax College: &#8220;Microeconomics, Chapter 9: Monopoly&#8221;<\/a>\n<\/p>\n<ul>\n<li> Read Chapter 9, which discusses monopolies.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.khanacademy.org\/economics-finance-domain\/microeconomics\/perfect-competition-topic\/monopolies-tutorial\/v\/monopoly-basics\">Khan Academy: &#8220;Monopoly Basics&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this video about monopoly basics.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.khanacademy.org\/economics-finance-domain\/microeconomics\/perfect-competition-topic\/monopolies-tutorial\/v\/review-of-revenue-and-cost-graphs-for-a-monopoly-1\">Khan Academy: &#8220;Review of Revenue and Cost Graphs for a Monopoly&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this video about revenue and cost graphs for a monopoly.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.khanacademy.org\/economics-finance-domain\/microeconomics\/perfect-competition-topic\/monopolies-tutorial\/v\/monopolist-optimizing-price-part-1-total-revenue\">Khan Academy: &#8220;Monopolist Optimizing Price (Part 1): Total Revenue&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this video about monopolist optimizing price and total revenue.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.khanacademy.org\/economics-finance-domain\/microeconomics\/perfect-competition-topic\/monopolies-tutorial\/v\/monopolist-optimizing-price-part-2-marginal-revenue\">Khan Academy: &#8220;Monopolist Optimizing Price (Part 2): Marginal Revenue&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this video about monopolist optimizing price and marginal revenue.\n<\/li>\n<\/ul>\n<p><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/www.khanacademy.org\/economics-finance-domain\/microeconomics\/perfect-competition-topic\/monopolies-tutorial\/v\/monopolist-optimizing-price-part-3-dead-weight-loss-avi\">Khan Academy: &#8220;Monopolist Optimizing Price (Part 3): Dead Weight Loss&#8221;<\/a>\n<\/p>\n<ul>\n<li> Watch this video about monopolist optimizing price and dead weight loss.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.016 seconds\nReal time usage: 0.019 seconds\nPreprocessor visited node count: 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