PPT on Monopoly

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PPT on Monopoly

  1. 1. UNIVERSITY of PETROLEUM and ENERGY STUDIES Monopoly Sameer Sharma
  2. 2. Index• INTRODUCTION• TYPES OF MARKET• MONOPOLY CASE 1• MONOPOLY CASE 2• MONOPOLY CASE 3• REFERENCES
  3. 3. IntroductionMarket formsMarket refers to a place or locality wherecommodities can be bought and sold. Ineconomies market does not necessarilymean or refer to a particular place but tothe mechanism by which buyers and sellersof a commodity are able to contact eachother for having economic exchange
  4. 4. Types of Market MARKET Imperfect Perfect competition competitionMonopolistic Oligopoly Monopoly
  5. 5. Monopoly• Derived from two Greek words: ‘Monos’ meaning single ‘Poles’ meaning seller• Monopoly means existence of a single producer or seller who produces or sells a product which has no close substitutes
  6. 6. Monopoly• Features of monopoly: Single seller many buyers No close substitutes Closed entry Price Maker Price discrimination
  7. 7. Monopoly Revenue curve 9 8 7 6 5 Average revenue 4 Marginal revenue 3 2 1 0 Units
  8. 8. Monopoly Case 1:
  9. 9. Monopoly Case 2:
  10. 10. Monopoly Case 3:
  11. 11. References
  12. 12. THANK YOU

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