No Free Lunch: Economics for a Fallen World: Third Edition, Revised

Chapter Eight: Market Structure: From competition to monopoly 192 IT’S A WRAP! In this chapter we’ve learned about differing market structures. Importantly, we’ve found that competition is alive almost everywhere, if not always well. Pursuit of fleeting monopoly profit is the driving force behind most of the innovations we see in markets. While we introduced how government can regulate market structures here, we’ll return to this in depth in chapters 13 and 14.