BU/224 BU224 BU 224 Unit 9: Monopolies - Discussion
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- 31 Jul 2017
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BU 224 Unit 9: Monopolies - Discussion
Unit 9: Unit 9: Monopolies - Discussion
Topic: Real-World Monopolies
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.
- What characteristics of the industry make it a monopoly?
- What is the impact of the monopoly power on its customers?
- Why might government want to regulate natural monopolies?
- How might such regulation be structured?