ECON101: Principles of Microeconomics

6.2: Non-competitive Markets: Monopoly

• Principles of Microeconomics: "Chapter 10: Monopoly"

  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 "Try It” problems at the end of each section before checking your answers.

• MIT OpenCourseWare: Jon Gruber's "Monopoly I" Page

  Watch this lecture for an explanation of the monopoly model.
  

• OpenStax College: "Microeconomics, Chapter 9: Monopoly"

  Read Chapter 9, which discusses monopolies. Be sure to read the sections that follow the introduction.
  

• Khan Academy: "Monopoly Basics" Page

  Watch this video about monopoly basics.
  

• Khan Academy: "Review of Revenue and Cost Graphs for a Monopoly" Page

  Watch this video about revenue and cost graphs for a monopoly.
  

• Khan Academy: "Monopolist Optimizing Price (Part 1): Total Revenue" Page

  Watch this video about revenue and cost graphs for a monopoly.
  

• Khan Academy: "Monopolist Optimizing Price (Part 2): Marginal Revenue" Page

  Watch this video about monopolist optimizing price and marginal revenue.
  

• Khan Academy: "Monopolist Optimizing Price (Part 3): Dead Weight Loss" Page

  Watch this video about monopolist optimizing price and dead weight loss.
  

• Boundless: "Price Discrimination" Page

  Read this section to see how monopolists can potentially use their unique place in an industry to charge different prices to different consumers - in other words, how they indulge in price discrimination.