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A comment on A New Way to Learn Economics. Parent comment

Re:A New Way to Learn Economics by sideshowb on Tuesday September 12, 2017 @04:06AM (#15225605)
Not necessarily hard. For example, perfect monopoly is as simple a model as perfect competition. Often it is closer to the truth. So why is it not used more?
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Re:A New Way to Learn Economics by icebraining on Tuesday September 12, 2017 @06:47AM (#15226224)
I took a basic Econ 101 class and they did model monopolies. Where are they not used?
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Re:A New Way to Learn Economics by sideshowb on Wednesday September 13, 2017 @07:52PM (#15243834)
Every time somebody claims that raising minimum wage inevitably raises unemployment. Sure it does under assumptions of perfect competition but most labour markets are closer to monopsomy in this respect and the evidence is very mixed.
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