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Case study opn monopoly market structure?
this all depends. if you sell tatti in the monopoly structure then depends if tatti will produce more units in the economic market. there are different types of tattis in the world when concerning monopoly. Colors of tatti black brown white yellow blue. Try it out you can also eat tatti and then offer it to others to see how the monopoly would profit your structure
What company operating under condition of monopoly and oligopoly?
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
What is the difference between monopoly and monopolistic competition in the context of diamond market?
Monopoly means a market situation in which there is only a single seller and large no. of buyers. whereas monopolistic competition is a market situation in which there is large no. of sellers and large number of buyers. In monopolistic competition, close substitutes are there in the sense that products are different in terms of size, color, packaging, brand, price, etc. as in the case of soap, toothpaste, etc. In monopoly, there is no close substitute of the good, if any, it will be a remote substitute. In monopolistic competition, there is aggressive advertising but in monopoly, there is no advertising at all or a very little. In monopolistic competition, demand curve faced by the firm is more elastic because of availability of close substitutes. It means if a firm raises its price, it will lose its large market share as customers in large will shift to close substitutes present in the market. In monopoly, the demand curve faced by the firm is less elastic because of no close substitutes. It means if the firm raises its price, demand will not fall in a large quantity as it is only one in the market.
What is a Pure Monopoly Market?
Consisting of one seller for an entire product existing in a competitive arena where one company has control over the entire market for a product. One such monopoly for example would be the United States Postal Service (a government regulated monopoly existing in the private sector). Even in a monopoly such as the U.S. Postal Service, specialized parcel shipping companies have found their way into this monopolized market to where they can sustain a profit and effectively compete. This is a factor inherent in all markets. However, considering the effects of monopolistic competition, a market with complete control is still existant within the U.S. Postal Service. They are the ultimate processor of standard letter mail in the United States of America. Although, other companies have entered the market, they have yet to take control of this specialized sector of the segment allowing certain companies of a puremonopoly status to exist in perceived market competition. Although some companies act as if they were puremonopoly, it is imperitive to understand that a puremonopoly market is the most rare of monopolies. Even if a monopoly seems to exist in puremonopoly, that may not be the case.
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
