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July 25, 2014  
 
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MONOPOLY’S MIGHT: Raising Capital and Debating the Pros and Cons of a Monopoly in a Free-Market Economy


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MONOPOLY’S MIGHT: Raising Capital and Debating the Pros and Cons of a Monopoly in a Free-Market Economy
A "school-based enterprise" has developed, produced, and marketed a low-calorie avocado. The SBE team analyzes data on sales, revenue, cost, and profit to help them secure capital to fund research and development for a pesticide. At first a monopoly with a patent on the pesticide, the SBE is bought out, which leads to a debate on the place of monopolies in a free market. Topics include demand, barrier to entry, profit, supply, scarcity, tradeoff, and opportunity cost.

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This Title is part of the Series: PROJECT BASED ECONOMICS

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INT263-WB4 Simulation, CD-ROM $39.95
INT263E-WB4 Downloadable e-Book (1.8 MB) $39.95
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