ECO 202
 Module 8 - Course Objectives

 Monopoly

 14.1   Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly.

 14.2   Explain how a single-price monopoly determines its output and price.

 14.3   Compare the performance of single-price monopoly with that of perfect competition.

 14.4   Explain how price discrimination increases profit.

 14.5  Explain how monopoly regulation influences output, price, economic profit, and efficiency.

Assessment  Method

A.  Do the Self-Test questions in your Study Guide as if they were real exam questions, which means do them without looking at the answers. 

B.  You will learn the most from right answers you had to struggle for, and from your wrong answers and mistakes.  Only after you have attempted all the questions should you look at the answers in your Study Guide. 

C.  When you check your answers, be sure to understand where you went wrong and why the right answer is correct.

Take Self-Test 14.1, and Self-Test 14.2, and Self-Test 14.3, and Self-Test 14.4, and Self-Test 14.5 in your Study Guide before taking Exam #2.