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Course Description

Many of the reasons for monopoly have to do with the inability of entry into an industry due to restrictions on important inputs or government-imposed barriers. Another type of barrier to entry can result from the structure of technology, and that's the focus of this lesson. In certain settings, an existing firm can have a cost advantage due to their relative size that is very difficult for potential entrants to overcome. The result may be a monopoly. Here we'll examine the cost structure that results in a natural monopoly and other relevant factors.

Benefits to the Learner

  • Consider how barriers to entry can result from technology structuring
  • Examine the cost structure that results in a natural monopoly
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Type
self-paced (non-instructor led)
Dates
Feb 24, 2020 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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