Mind map
Monopoly
Mind map: monopoly market structure
Map content
Monopoly
barriers to entry
- patents
- economies of scale
- size of market
- exclusive ownership of raw material
- large capital investment required
- govt actions (tariffs, licences, etc)
no close substitutes
great deal of influence
- "price searchers"
one seller
controls info in market
ex: small town store, garbage collection, concession stands
Information
- Description
- Advanced placement Microeconomics (Imperfect Competition ) Mind Map on Monopoly, created by Ashley Hay on 17/03/2016.
- Created by
- Ashley Hay
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