The Firm and Market Structures · Microeconomics
Perfect Competition and Monopoly
Contrasting markets with many small sellers against those dominated by a single firm.
Key Questions
- 1How does the lack of competition in a monopoly affect consumer welfare?
- 2In what ways does perfect competition drive innovation and efficiency?
- 3What barriers to entry prevent new firms from joining a profitable market?
Ontario Curriculum Expectations
ON: Market Structures - Grade 10ON: Canadian and World Studies - Grade 10
Grade: Grade 10
Subject: Economics
Unit: The Firm and Market Structures
Period: Microeconomics
Suggested Methodologies
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