1.Why are monopolies "bad" from an economic and social point of view?
Monopolies take away from other small businesses they can control, more risk of the monopoly if it
falters, there is one seller who sets the price on one end. this is bad because there
Research Paper Review
Lanning, Jonathan A. Productivity, Discrimination, and Lost Profits During Baseball's Integration. The
Journal of Economic History 70.4 (2010): 964988.
1. Identify the question the
Econ Notes 4/13
Economy trough to peak economic expansion peak to trough recession/contraction
GDP to measure economic success
Trend the economy is rising
Causes of Great Depression since outputs and prices fell, must explain drop in spending (Aggregate