As a game, Monopoly is about buying and trading properties for profit. As an economic model, it is more about maximizing profits through the use of inputs. When you play the game as a player, your goal is to buy and trade until you have all of the property in one color group or have bankrupted all other players. A competitive employer will hire inputs up to the point where marginal cost equals marginal revenue (the cost of hiring an input equals what that input can produce). Keyword: Monopoly, game, economics The Game of Monopoly and How it Relates to Economics: A Competitive Employer will hire inputs up to the point where marginal cost equals marginal revenue. As a game, Monopoly is about buying and trading properties for profit. As an economic model, it is more about maximizing profits through the use of resources. When you play the game as a player, your goal is to buy and trade until you have all of the property in one color group or have bankrupted all other players. A competitive employer will hire inputs up to the point where marginal cost equals marginal revenue (the cost of hiring an input equals what that input can produce). Keyword – Monopoly; Game; Economics A Competitive Employer Will
