This video is the first part of the series on the monopoly market structure. I go through different types of barriers to entry that allow monopolies to exist.
00:50 Spectrum of Competition
05:35 Monopoly Definition and Barriers to Entry
07:45 Types of Monopoly: Natural vs. Legal
09:00 Monopoly resources (natural monopoly)
10:50 Government regulation (patents, copyright laws, etc.) (legal monopoly)
13:30 Production process (natural monopoly)
18:13 Summing Up Barriers to Entry
~Margaret
