ILO:
a) Characteristics of monopoly
b) Profit maximising equilibrium
c) Diagrammatic analysis
d) Third degree price discrimination:
o necessary conditions
o diagrammatic analysis
o costs and benefits to consumers and producers
e) Costs and benefits of monopoly to firms, consumers, employees and suppliers
f) Natural monopoly
a) Characteristics of monopoly
b) Profit maximising equilibrium
c) Diagrammatic analysis
d) Third degree price discrimination:
o necessary conditions
o diagrammatic analysis
o costs and benefits to consumers and producers
e) Costs and benefits of monopoly to firms, consumers, employees and suppliers
f) Natural monopoly
Revision webinars
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Y2 15) Monopoly
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Y2 18) Natural Monopoly
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Third degree price discrimination
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Assess the use of price discrimination by airlines to maximise profits?
How airlines price flights
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Watch the revision webinar to consolidate your knowledge of price discrimination:
Y2 17) Price Discrimination - First, Second and Third Degree
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Additional reading:
Costs & benefits of monopoly to firms, consumers, employees and suppliers
Construct a table of how a monopoly may influence the above economic agents based upon June 2016 case study.
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Is Google a monopoly? | CNBC Explains
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Why industries should fear Amazon | FT
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