What is a monopoly, Macroeconomics

When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of its products or services will enhance, and the 'Monopoly' enhances its profit. Though, sometimes prices stay low to discourage anybody from entering the market, profit still does happen. Not to be confused with a pure monopoly, where a company has control over the whole market for a product because of barriers.


Though, a monopoly is a philosophical process of direct competition leading to a pure monopoly it is not in itself a purely dominating force. It is rather, the process of getting competitive grounds for strive toward total control.

 

Posted Date: 4/1/2013 3:34:01 AM | Location : United States







Related Discussions:- What is a monopoly, Assignment Help, Ask Question on What is a monopoly, Get Answer, Expert's Help, What is a monopoly Discussions

Write discussion on What is a monopoly
Your posts are moderated
Related Questions
Identify a generic organization (e.g., manufacturing plant, hospital, educational institution). You will use this same organization in your Final Project. Assume that you are part


Design a hypothetical ideal randomized controlled experiment to study the effects of hours spent studying on performance on microeconomics exams. Suggest some impediments to implem

A company is researching the effectiveness of a new web site design to decrease the time to access a website. Five web site users were randomly selected and their times (in seconds

1.the AD curve represents at the same time the demand for goods, money and labor in the economy 2.in the AS-AD model, higher competition among producers leads to a medium run equil

TOWARDS A NATIONAL ACCOUNTING SYSTEM  A real life modern economy is a very complex structure consisting of millions of units engaged in a variety of economic transactions. Ther

More than ever, groups and teams are responsible for executing tasks in the workplace. Take a position on the following statement: All organizations should use the group structure

Interest rate determination  The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil

The demand curve for product X is given by QXd = 340 - 4PX.\ a) How much consumer surplus do consumers receive when Px = $45? b) How much consumer surplus do consumers receiv

A monopoly has a total cost function of C(Q) = 8Q and faces a market demand Q = 100 ? 2p, (a) calculate the deadweight loss; (b) The firm now spent an amount equal to half of