Market Failures and Government Intervention · Microeconomics

Market Power and Monopolies

Analyzing how the lack of competition can lead to higher prices and reduced output.

Key Questions

  1. 1How does a monopoly firm restrict output to maximize its own profit at the expense of consumers?
  2. 2What are the benefits of natural monopolies in industries like water or electricity distribution?
  3. 3How do anti-trust laws protect the interests of small businesses and consumers?

MOE Syllabus Outcomes

MOE: Market Structure and Market Power - S3
Level: Secondary 3
Subject: Economics
Unit: Market Failures and Government Intervention
Period: Microeconomics

Suggested Methodologies

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