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Week 9: Interactive activity
9.1 Learning Outcomes
1 Describe and explain a monopolist’s output decision
2 Explain the negative consequences of a monopoly
3 Identify the trade-offs associated with a patent
4 Describe the practice of price discrimination
9.2 Action Required:
Reading
Read the following to prepare for this week:
Survey of Economics, Chapter 7: Monopoly and Price Discrimination
Video:
MIT OpenCourseWare video lecture series, “Monopoly”
9.3 Test your Knowledge (Question):
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
:
Question: What is monopoly? Why a monopolist is referred as price maker?
9.4 Instructions
Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week9: Interactive learning Discussion)
from 150 to 200 words
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