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The Journal of Economic Education Volume 23, 1992 - Issue 3
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Content Articles in Economics

Consistent Comparisons Between Monopoly and Perfect Competition

Susan E. SkeathWellesley College
,
Ann D. VelenchikWellesley College
,
Len M. NicholsWellesley College
&
Karl E. CaseWellesley College
Pages 255-261 | Published online: 10 Jul 2014
 
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Abstract

Some inconsistencies in standard treatments of the perfect competition–monopoly welfare comparison are identified. A more consistent and productive pedagogical approach for courses in intermediate microeconomics is suggested.

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