Monopoly Special

May 31, 2024 1h 24m

About this episode

<p>A feature of our economic world is how dominated many markets are by a single firm. If you want to search for something, you ‘Google’ it, if you want a cab, you reach for Uber and if you want to shop, Amazon is the place many will go. Standard economics would suggest this is a bad thing as competition is good for the market, so how has this happened? How bad are monopolies? And are there any upsides? In this podcast special, your friendly neighbourhood economists (who were slightly under the weather) Pete and Gav, explore these questions and more! It’s absolutely stuffed with economic terminology, expertly explained, with lots of case studies to apply your new knowledge to. Perfect for students but perfect for everyone! As always there is a quiz and plenty of book recommendations. Technical support as always comes from our own monopoly on production Nic! </p>

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