Lecture Economics of social issues - Chapter 8: The economics of monopoly power: Who does what to whom?
Lecture Economics of social issues - Chapter 8: The economics of monopoly power: Who does what to whom?
In this chapter, we addressed the issue of fearing monopoly power in the business world from a systematic, analytical perspective. One of the most important conclusions from this analysis is that bigness, by itself, is not a good predictor of the types of behavior one might expect from monopolies.