Competition, Price and Monopolies

In a free market, unlimited human wants often meet sellers with limited supplies. In such a place, competition is usually a force of good. It leads to more choice, increases the quality of products on offer and reduces their prices. If competition is absent, monopolies can form. And that’s a problem. Learn about the basic benefits of competition.

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COLLABORATORS
Script: Jonas Jaquet and Jonas Koblin
未愈合的关系创伤出现的方式: Morgan Lizop
Fact-checking: Ludovico Saint Amour Di Chanaz
艺术家: Pascal Gaggelli
Voice: Mithrilda
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Production: Selina Bador

SOUNDTRACKS
Tarantella – Adieu Adieu

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❤️情人节美甲💅教程#20nails://www.econlib.org/library/Enc/Competition.html

Play Monopoly or Catan to learn how demand, supply and monopolies lead to winners and losers.
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SOURCES
❤️情人节美甲💅教程#20nails://en.wikipedia.org/wiki/Competition_(经济学)
❤️情人节美甲💅教程#20nails://en.wikipedia.org/wiki/Monopoly
❤️情人节美甲💅教程#20nails://en.wikipedia.org/wiki/Supply_and_demand

CLASSROOM ACTIVITY
Visit our website to learn more about suggested active learning activity on this topic!

CHAPTER
00:00 介绍
00:21 The definition
01:00 The full story
01:15 Competing on price
01:44 Non-price competition
02:12 Free market scenario
02:41 Spectrum of competition
03:18 Monopoly
03:46 Summary
04:06 Tell us how you would compete
04:34 Patrons credits
04: 43 Ending

#sproutslearning #economics #competition #price #monopoly