Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sources of monopoly power:
The main sources of monopoly power include the following:(i) Control of the entire supply of a basic input. It only one firm has access to or controls the entire supply of the basic raw materials required in the production of a product, such a firm will monopolize the supply of the product.
(ii) Economic of scale. A large firm may retain a monopoly power through cost advantages gained from the use of cost – saving technology which enables it to sell profitably at a very low price that discourages other firms or make it unprofitable for other firms.
(iii) Franchise and patent right. A discovery or invention of a give product or a new production process can lead to emergence of monopoly, when government gives the firm legal backing so that no other firm produces the same product or copy the technology. This is to allow the inventor derive the benefit of the money (resources) committed to research and development (R ad D) effort.
(iv) State monopoly. The government may assume monopoly power in the production of some commodities or in the provision of some services; either to prevent people from being exploited or to ensure adequate supply of essential facilities which cannot be provided by private entrepreneurs because of huge capital and high risk involved.This is the case for public utilities, such as electricity, water, railway, transport service, and so on.
When Stockwell Day was leader of the Canadian Alliance Party (which soon became the new Conservative Party) he wrote that "the national debt is mortgaging our children's future." A
I wanted to the fixed and variable costs of breadtalk in singapore from economic perspective
discuss the trend and composition of national income and per capital income
Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,
You are tasked with evaluating a project for reducing nutrient (nitrogen and phosphorus) loading into the Gulf of Mexico (GOM). These nutrients make their way into the GOM by way o
EMPLOYMENT AND UNEMPLOYMENT POLICY: Engagement of a person in any economic activity is central to the concept of identifying a worker. A worker is one who participates in any
Define the concept of cross elasticity of demand
demand elasticity in urdu
what are the properties of indifference curve
Question: (a) With the help of diagrams, explain how the price and quantity demanded or supplied of fuel will change under the different scenarios: (i) Consumers expect a fu
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd