This revision note is designed for AS economists - and covers aspects of market power and regulation.

Most markets are competitive with a number of suppliers (producers) competing for the demand of consumers. Some are more competitive than others. At AS level it is important to understand some of the factors that lead to market (monopoly) power and to evaluate the costs and benefits of markets where monopoly power exists together with the effects of government intervention.

Revision note
Revision_Market_Power.pdf

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