EPISODE · May 6, 2021 · 1 MIN
Nothing is better than competition
from Die ekonomie minuut · host Waldo Krugell
In microeconomics, I teach students that a monopoly is bad for consumers. Compared to a competitive market, the monopolist demands a higher price and fewer consumers get the product or service that they want. The South African Post Office is currently in a court battle to regain their monopoly.
What this episode covers
In microeconomics, I teach students that a monopoly is bad for consumers. Compared to a competitive market, the monopolist demands a higher price and fewer consumers get the product or service that they want. The South African Post Office is currently in a court battle to regain their monopoly.
NOW PLAYING
Nothing is better than competition
No transcript for this episode yet
Similar Episodes
Dec 30, 2024 ·19m
Dec 30, 2024 ·24m
Nov 19, 2024 ·18m
Nov 6, 2024 ·20m
Oct 23, 2024 ·15m
Oct 9, 2024 ·20m