Understanding Monopoly and Oligopoly in Modern World

Running head: ASSIGNMENT ON ECONOMICS
Assignment on Economics
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1ASSIGNMENT ON ECONOMICS
Executive Summary
The main purpose of the report is to evaluate the concept of oligopoly and monopoly and
explain why this concept is more relevant to the modern world. In the next section, the report
highlights Mankiw’s 10 principles and discussed how these principles are foundational to
these issues. Moreover, the report has also highlighted the other two articles and analysed it .
Based on the above analysis, the report draws a clear understanding of monopoly and perfect
competition as discussed in the video and the articles.

2ASSIGNMENT ON ECONOMICS
Contents
Introduction................................................................................................................................3
Importance of the topic..........................................................................................................3
Summary of the key points provided in the video.....................................................................3
Validation of Mankiw’s 10 principles........................................................................................3
The other related articles............................................................................................................4
Reference....................................................................................................................................5