Perfect Competition vs. Monopoly Market Structures

Perfect Competition vs. Monopoly Market Structures
Perfect Competition vs. Monopoly Market Structures
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This worksheet is designed to compare the different outcomes that result from allowing a market to operate as a monopoly as compared to if the market was perfectly competitive in order to help students understand why scarce-resource monopolies are economically inefficient.

Students are required to identify the equilibrium price and quantity of output for each market as well as compute the amount of deadweight loss and corresponding economic surplus (consumer and producer surplus) that results in each market.
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1
Answer Key
Included
Teaching Duration
30 Minutes

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Perfect Competition vs. Monopoly Market Structures
Perfect Competition vs. Monopoly Market Structures