What you’ll learn to do: define the characteristics of a monopoly Businesses love the idea of a free-market economy, so why then, would a business want to become a monopolist? Just think…if a business can control the entire market for a product, then they eliminate competition and are almost guaranteed a profit. In this outcome, you’ll learn about what a monopoly is and why firms try to eliminate their competition. LEARNING ACTIVITIES The learning activities for this section include the following: Reading: Introduction to Monopolies Self Check: Introduction to Monopolies Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section. CC licensed content, Original Authored by : Steven Greenlaw and Lumen Learning. License : CC BY: Attribution