#Monopoly economics test answers pdf

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This overview of 'Superstar Firms' from the tutor2u blogĪCTIVITY 4: VIDEO - PROS AND CONS OF MONOPOLY.

This article from The Economist considers the likelihood of monopolies developing in the market for driverless cars.

This summary from US media company CNN looks at the debates over monopoly power that are featuring in the 2020 US Presidential election campaigns you could also read this article from the New York Times on the same issue.

This article from the February 29th 2020 edition of The Economist looks at the monopoly power of the world's largest computer chip maker.

Remember to consider the advantages and disadvantages from different stakeholder perspectives. When you read through the suggested articles, note down any advantages and disadvantages of monopoly and monopoly power. Here are some suggestions for wider reading on the topic of monopoly, with a particular focus on examples.

We also introduce lots of real-world examples to improve your knowledge. In this video, we look at the meaning of monopoly power and consider the impact of market share.

You can print it off and annotate it for your own notes, or make your own notes on a separate piece of paper to add to your school/college file.

#Monopoly economics test answers pdf

If you would like to download a simple PDF worksheet to accompany the video activities, you can find it here. Others are based on short videos, including activities for you to think about and try at home, as well as some extra worksheet-based activities.

Some are interactive game-based activities, designed to test your understanding and application of monopoly. Thank you to Nicky King and Jon Clark for their contributions to this lesson.įollow along in order of the activities shown below. the economic case for and against monopolyĪdditional teacher guidance is available at the end of this lesson.In this online lesson, we explore the topic of monopoly in detail, covering diagrams, application, and key evaluation points.