Chapter 14 Monopoly

Chapter 14 Monopoly

Author: Matthew Lonn

Students will examine the characteristics of a monopoly and show the quantity they will produce on a cost analysis graph.

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

28 Sophia partners guarantee credit transfer.

263 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 25 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.


Questions you should be able to answer after the lesson.

Can I draw a cost analysis graph for a firm that is a monopoly?

Do I know the characteristics of a monopoly?

Do I understand the basic concepts of a price discriminating monopolist?

Why is the marginal revenue curve less than the demand curve?

At what quantity does the monopolist produce?

Chapter 14 Notes

Understanding imperfect marginal revenue curves

Drawing a Monopoly

Monopoly and Dead Weight Loss