Monopoly

Description

Advanced placement Microeconomics (Imperfect Competition ) Mind Map on Monopoly, created by Ashley Hay on 17/03/2016.
Ashley Hay
Mind Map by Ashley Hay, updated more than 1 year ago
Ashley Hay
Created by Ashley Hay almost 8 years ago
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Resource summary

Monopoly
  1. barriers to entry
    1. patents
      1. economies of scale
        1. size of market
          1. exclusive ownership of raw material
            1. large capital investment required
              1. govt actions (tariffs, licences, etc)
              2. no close substitutes
                1. great deal of influence
                  1. "price searchers"
                  2. one seller
                    1. controls info in market
                      1. ex: small town store, garbage collection, concession stands
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