This chapter defines and characterizes monopolies, identifies unique challenges and opportunities in small markets, and discusses the role of location, demand, and entry barriers in shaping monopolies.

This chapter covers entrepreneurs who foster the growth of monopolies, strategies for pricing, production, and advertising, and the interactions between monopolists.

This chapter discusses the impacts of monopolies on local and regional economies, their role in innovation, productivity, and employment, and the policies and regulatory frameworks for managing monopolistic dynamics.

This chapter analyzes successful and unsuccessful monopoly examples in small markets, assesses their economic implications, and explores strategic and policy considerations.

This chapter summarizes the key concepts and findings, presents predictions and challenges for monopolies in small markets, and suggests directions for further research and policy development.