BU/224 BU224 BU 224 Unit 9 Discussion 1

BU 224 Unit 9 Discussion 1

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.

1.          What characteristics of the industry make it a monopoly?

2.          What is the impact of the monopoly power on its customers?

3.          Why might government want to regulate natural monopolies?

4.          How might such regulation be structured?

 


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