economiics presentation ... By Umar Khayam Khan abasyn university MPA -

1. ECONOMICS
Presented by :- Umar Khayam Khan
I.D :- 12224
Submitted to :- Sir Nasir Ali Khan

2.  MONOPOLY :
• A market structure characterized by a single seller, selling a unique
product in the market.
• In a monopoly market, the seller faces no competition, as he is the
sole seller of goods with no close substitute.

3. • In a monopoly market, factors like government license, ownership of resources,
copyright and patent and high starting cost make an entity a single seller of goods.
• All these factors restrict the entry of other sellers in the market.
• Characteristics associated with a monopoly market make the single seller the,
market controller as well as the price maker.

4. • He enjoys the power of setting the price for his goods.
• Simply, monopoly is a form of market where there is a single seller selling a
particular commodity for which there are no close substitutes.

7. MONOPOLY
Firm is
itself an
industry
Price Maker
Barriers to
Entry
Full Control
Over
Supply
For Example :
Apple Iphone has a vast image of Monopolistic
Market .
Largest selling smart phone brand, with particular features and
particular software ios (Iphone Operating system) .
Which is different from Android

8. • The firms can influence the price of a product and hence, these are price makers
not the price takers.
• There are barriers for the new entrants.
• For a true monopoly to be in effect, each of the following characteristics would
typically be evident:
 A sole provider of a viable product or service
 High barriers to dissuade the entry of any potential competitors.

9.  MONOPOLISTIC COMPETITION :
A monopolistic competitive industry has the following features:
• Many firms.
• Freedom of entry and exit.
• Firms produce differentiated products.
• Firms have price inelastic demand; they are price makers
because the good is highly differentiated

12. THANK YOU !