Study Notes
Monopoly Power and Economic Efficiency and Welfare
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 3 Jul 2018
The conventional argument against market power is that monopolists can earn abnormal (supernormal) profits at the expense of efficiency and the welfare of consumers and society.
Revision Video: Monopoly Power - Tips for Strong Analysis and Great Evaluation
You might also like
Diseconomies of Scale
Study Notes
Whistl Suspends Deliveries
13th May 2015
Changing Economics of Urban Farming
26th October 2017
The Rise and Fall of GDP
7th May 2018
A* Evaluation on Business Profits
Topic Videos
Wonderful examples of cross-industry innovations
18th February 2023
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails