{"id":403,"date":"2020-03-24T04:51:37","date_gmt":"2020-03-24T04:51:37","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-introduction-to-monopolies\/"},"modified":"2023-05-22T19:21:05","modified_gmt":"2023-05-22T19:21:05","slug":"learning-outcome-introduction-to-monopolies","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-introduction-to-monopolies\/","title":{"raw":"Outcome: Introduction to Monopolies","rendered":"Outcome: Introduction to Monopolies"},"content":{"raw":"<h2>What you\u2019ll learn to do: define the characteristics of a monopoly<\/h2>\nBusinesses love the idea of a free-market economy, so why&nbsp;then, would a business want to become a monopolist? Just think...if a business&nbsp;can control the entire market for a product, then they eliminate competition and are almost guaranteed a profit. In this outcome, you'll learn about what a monopoly is and why firms try to eliminate their competition.\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include the following:\n<ul>\n\t<li>Reading: Introduction to Monopolies<\/li>\n\t<li>Self Check: Introduction to Monopolies<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do: define the characteristics of a monopoly<\/h2>\n<p>Businesses love the idea of a free-market economy, so why&nbsp;then, would a business want to become a monopolist? Just think&#8230;if a business&nbsp;can control the entire market for a product, then they eliminate competition and are almost guaranteed a profit. In this outcome, you&#8217;ll learn about what a monopoly is and why firms try to eliminate their competition.<\/p>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include the following:<\/p>\n<ul>\n<li>Reading: Introduction to Monopolies<\/li>\n<li>Self Check: Introduction to Monopolies<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-403","chapter","type-chapter","status-publish","hentry"],"part":400,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/403\/revisions"}],"predecessor-version":[{"id":404,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/403\/revisions\/404"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/400"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/403\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=403"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=403"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=403"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}