In this free online course, learn about perfect competition and monopolies, and how they operate in various markets. How is the concept of ‘the market’ connected to perfect competition and monopolies? In this free online economics course, you will learn about their relationship and also about long-run equilibrium plus competition in the stock and credit card markets. Study how monopolies maximize their profits, different forms of monopoly and the concept of monopolistic power.
| College | Alison |
| Course ID | 201602 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 3-4 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Discuss the concept of 'the market' • Categorize the various types of market • Explain long-run equilibrium • Recall the characteristics of perfect competition • Discuss perfect competition in the real world • Discuss monopoly • List the characteristics of monopoly • Explain monopoly power • Contrast monopoly to perfect competition • Explain product pricing • Define 'monopsony' • List the types of monopoly markets |
| Course Code | 2896 |
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