This video introduces the concept of a monopolistic market, which is a market controlled by one firm. You’ll learn three different reasons for why this type of market exists and how this market structure differs from more competitive markets.
Learn more: https://www.federalreserveeducation.org/teaching-resources/economics/market-structure/introduction-to-monopoly
About the St. Louis Fed: https://www.stlouisfed.org/about-us
00:00 - Introduction
01:18 - Reasons for Monopolies
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