What you’ll learn to do: explain why a monopoly is inefficient using deadweight loss In this outcome, you’ll see why monopolies are inefficient. They produce less, at a higher average cost, and charge a higher price than would a combination of firms in a perfectly competitive industry. Because of this, they are neither allocatively or productively efficient. Here are some of the specific things you’ll learn to do in this section: Differentiate between a single price monopolist and a price discriminating monopolist LEARNING ACTIVITIES The learning activities for this section include the following: Reading: The Inefficiency of Monopoly Reading: Monopolies and Deadweight Loss Reading: Price Discrimination Self Check: Inefficiencies in 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