What is a monopoly, Macroeconomics

Assignment Help:

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.

 


Related Discussions:- What is a monopoly

Classical model, determination of interest rate in classical model

determination of interest rate in classical model

Explain the facts or economics rate, Explain the facts or economics rate ...

Explain the facts or economics rate Boom: The period leading up to the peak of the cycle when an overheating economy is experiencing high GDP growth and inflationary pressures

Circular flow of income, Discuss how income flows in governed economy, frug...

Discuss how income flows in governed economy, frugal economy, spend their economy.

Production Possibilities Frontier, A friend says that the economy will prod...

A friend says that the economy will produce inside the PPF curve (like pt E below) since we in the economy value saving, or for some other reason. You say this is incorrect. Why? U

Money supply and monetary policy, Money Supply and Monetary Policy   All...

Money Supply and Monetary Policy   All modern societies use money as the medium of exchange. Since money can be exchanged for goods and services it also becomes a financial asse

Block exogeneity test, From Tables 3A to 3F in the Appendix the results fro...

From Tables 3A to 3F in the Appendix the results from VAR/Block Exogeneity Granger Causality Test are that the oil price variable does Granger cause both Inflation and interest rat

Result of an export subsidy, Which of the following is a result of an expor...

Which of the following is a result of an export subsidy? a. The imposing nation always benefits from an export subsidy. b. The imposing nation suffers a terms of trade loss from an

Business cycletories, list of all theories of business cycle theories

list of all theories of business cycle theories

Calculate the desired capital stock, Suppose that the desired capital stock...

Suppose that the desired capital stock is given as: K* = 0.3Y/i r Where Y = GDP, and i r is the real interest rate.  Suppose further that Y = $5 trillion and that i r

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd