Monopoly
•Download as PPTX, PDF•
4 likes•1,690 views
This document defines monopoly and provides examples. It discusses that a monopoly is a single seller of a unique product without duplication. Examples given include Shimano and Debeers diamonds. Characteristics of a monopoly include single seller, unique product, barriers to entry, and being a price maker. Barriers to entry that can create a monopoly include economies of scale, patents, copyrights, licenses, franchises, and network externalities. Monopolies can be natural, geographic, technological, or government created.
Report
Share
Report
Share
Recommended
Micro-economic
This document defines monopoly and describes its key types and features. A monopoly is a market with a single seller and significant barriers to entry. It faces a downward-sloping demand curve, unlike perfect competition which has many small sellers facing a horizontal demand curve. The main types of monopoly discussed are perfect, imperfect, public, private, and joint monopoly. Monopoly is distinguished from perfect competition by factors like number of firms, product differentiation, price elasticity of demand, and barriers to entry. The revenue curves of a monopoly, including total revenue, average revenue and marginal revenue, are presented.
Monopoly
This document provides an overview of the board game Monopoly and discusses some key lessons it can teach about finance and investing. It begins with definitions of monopoly and an introduction to the classic game. It then covers types of monopolies and examples. Key learning points from playing the game are outlined, such as maintaining cash reserves and focusing on cash flow. The conclusion states that while not a complete education, the game's lessons around diversification, patience, and value can guide more intelligent investment decisions.
Microeconomics Monopoly
1) The document discusses various concepts in microeconomics including monopoly, monopolistic competition, and price discrimination.
2) Under monopoly, a profit-maximizing firm will produce the quantity where marginal revenue equals marginal cost. This maximizes profits.
3) Under monopolistic competition, firms produce differentiated products and free entry leads to zero economic profits in the long-run. However, price still exceeds marginal cost, resulting in some deadweight loss.
4) Price discrimination allows firms to charge different prices to different customers. Perfect first-degree price discrimination involves charging each customer their reservation price. This maximizes a firm's profits.
Monopoly --in microeconomics
1) A monopoly is a market structure with a single seller of a product without close substitutes.
2) The key characteristics of a monopoly are that it is the sole price maker and faces a downward sloping demand curve, unlike competitive firms which are price takers.
3) Barriers to entry, such as government licenses, large economies of scale, or ownership of key resources allow monopolies to exist by preventing competition from entering the market.
Monopoly
This document discusses monopolies and barriers to entry, revenues and costs, profit maximization versus revenue maximization, efficiency, advantages, economies of scale, research and development investments, and comparisons to perfect competition. It concludes that a monopoly is productively and allocatively inefficient as it can charge higher prices, produce lower output, and exercise anti-competitive behavior.
Monopoly Micro Economics ECO101
Monopolies arise due to barriers to entry in a market. There are three main sources of barriers to entry: ownership of a key resource, government-granted exclusive rights, and economies of scale. As the sole producer, a monopoly is a price maker and faces a downward-sloping demand curve. It will produce at the quantity where marginal revenue equals marginal cost to maximize profits. Monopolies generate economic profits as long as price exceeds average total cost and may be regulated by governments.
Monopoly
This document defines and explains the concept of monopoly. It states that a monopoly is a market situation where there is only one seller of a unique product or service, there are no close substitutes for this product or service, and there are barriers to entry that prevent other companies from entering the market. It also discusses how monopolies can control price and determine output to maximize their profits in both the short run and long run.
Monopoly in Today's Market
Luxottica is a large Italian company that dominates the eyewear industry through its control of major brands like Ray-Ban and Oakley. It owns over 80% of the eyewear market and controls brands, manufacturing, and retail distribution through stores like Sunglass Hut. Luxottica was able to grow its monopoly power through acquisitions of competitors like Oakley and by leveraging licensing deals and retail dominance to control distribution and pricing. Its monopoly position allows it to set high prices for eyewear that are a major markup from manufacturing costs.
Recommended
Micro-economic
This document defines monopoly and describes its key types and features. A monopoly is a market with a single seller and significant barriers to entry. It faces a downward-sloping demand curve, unlike perfect competition which has many small sellers facing a horizontal demand curve. The main types of monopoly discussed are perfect, imperfect, public, private, and joint monopoly. Monopoly is distinguished from perfect competition by factors like number of firms, product differentiation, price elasticity of demand, and barriers to entry. The revenue curves of a monopoly, including total revenue, average revenue and marginal revenue, are presented.
Monopoly
This document provides an overview of the board game Monopoly and discusses some key lessons it can teach about finance and investing. It begins with definitions of monopoly and an introduction to the classic game. It then covers types of monopolies and examples. Key learning points from playing the game are outlined, such as maintaining cash reserves and focusing on cash flow. The conclusion states that while not a complete education, the game's lessons around diversification, patience, and value can guide more intelligent investment decisions.
Microeconomics Monopoly
1) The document discusses various concepts in microeconomics including monopoly, monopolistic competition, and price discrimination.
2) Under monopoly, a profit-maximizing firm will produce the quantity where marginal revenue equals marginal cost. This maximizes profits.
3) Under monopolistic competition, firms produce differentiated products and free entry leads to zero economic profits in the long-run. However, price still exceeds marginal cost, resulting in some deadweight loss.
4) Price discrimination allows firms to charge different prices to different customers. Perfect first-degree price discrimination involves charging each customer their reservation price. This maximizes a firm's profits.
Monopoly --in microeconomics
1) A monopoly is a market structure with a single seller of a product without close substitutes.
2) The key characteristics of a monopoly are that it is the sole price maker and faces a downward sloping demand curve, unlike competitive firms which are price takers.
3) Barriers to entry, such as government licenses, large economies of scale, or ownership of key resources allow monopolies to exist by preventing competition from entering the market.
Monopoly
This document discusses monopolies and barriers to entry, revenues and costs, profit maximization versus revenue maximization, efficiency, advantages, economies of scale, research and development investments, and comparisons to perfect competition. It concludes that a monopoly is productively and allocatively inefficient as it can charge higher prices, produce lower output, and exercise anti-competitive behavior.
Monopoly Micro Economics ECO101
Monopolies arise due to barriers to entry in a market. There are three main sources of barriers to entry: ownership of a key resource, government-granted exclusive rights, and economies of scale. As the sole producer, a monopoly is a price maker and faces a downward-sloping demand curve. It will produce at the quantity where marginal revenue equals marginal cost to maximize profits. Monopolies generate economic profits as long as price exceeds average total cost and may be regulated by governments.
Monopoly
This document defines and explains the concept of monopoly. It states that a monopoly is a market situation where there is only one seller of a unique product or service, there are no close substitutes for this product or service, and there are barriers to entry that prevent other companies from entering the market. It also discusses how monopolies can control price and determine output to maximize their profits in both the short run and long run.
Monopoly in Today's Market
Luxottica is a large Italian company that dominates the eyewear industry through its control of major brands like Ray-Ban and Oakley. It owns over 80% of the eyewear market and controls brands, manufacturing, and retail distribution through stores like Sunglass Hut. Luxottica was able to grow its monopoly power through acquisitions of competitors like Oakley and by leveraging licensing deals and retail dominance to control distribution and pricing. Its monopoly position allows it to set high prices for eyewear that are a major markup from manufacturing costs.
Monopoly Lecture Notes (Economics)
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
Monopoly
A monopoly is a sole seller of a product without close substitutes. It faces a downward-sloping demand curve and is a price maker. A monopoly's marginal revenue is below price. It maximizes profits by producing where marginal revenue equals marginal cost and charging a price above marginal cost. This leads to deadweight loss from producing a quantity below the efficient level. Policymakers address this through antitrust laws, regulation, or public ownership.
Monopoly
This document outlines the key topics and objectives to be covered in a chapter on monopoly. The lecture plan will examine the nature and forms of monopoly markets. It will analyze the pricing and output decisions of monopolists in the short run and long run. Additionally, it will explore multi-plant monopolies, price discrimination, and the degrees to which monopolies can engage in price discrimination. The objectives are to understand the emergence of monopoly power through barriers to entry, and analyze the economic inefficiency that monopolies create.
Monopoly ppt
Monopoly is defined as a market situation where there is a single seller with complete control over an industry. Key features of monopoly include a single seller, price discrimination, lack of close substitutes, and restricted market entry. True monopolies generally exist in government controlled markets or through legal barriers like patents and copyrights that provide opportunities to monopolize a market. The Tata Nano is an example of a monopoly in its market segment as Tata is the only seller and there are no close substitutes, along with barriers to entry.
Monopoly Market structure
This document defines monopoly and discusses its key characteristics. A monopoly is a market structure where there is a single seller of a product without close substitutes. For a monopoly to exist, there must be significant barriers to entry that prevent competition. A monopoly faces a downward-sloping demand curve and is able to set prices, unlike firms in competitive markets which are price takers. While monopolies may lead to higher profits for firms, they also result in inefficient resource allocation and limited options for consumers.
Monopoly and Duopoly
This document discusses monopoly and duopoly market structures. It defines a monopoly as a market with a single seller and no close substitutes, allowing the seller to be a price maker. Duopoly is defined as a market with two sellers that control most or all of the market. Key points:
- Monopolies exist due to barriers to entry like economies of scale, actions to keep competitors out, or government barriers.
- Duopolies can have the same impact on prices as a monopoly if the two sellers collude. Examples given are Boeing and Airbus, and Amazon and Apple.
- Both market structures give sellers price control and make entry of new competitors difficult due to existing barriers.
natural monopoly
A monopoly is a firm that is the sole seller of a product without close substitutes and faces barriers to entry. There are three sources of barriers to entry: owning a key resource, government protections like patents, and natural monopoly. A natural monopoly exists when economies of scale mean a single firm can supply a market more efficiently than multiple firms. Utilities like electricity are often natural monopolies. Unregulated, a natural monopoly would produce where marginal revenue equals marginal cost, resulting in deadweight loss from underproduction. Regulated, a natural monopoly could be required to produce where price equals marginal cost, the efficient quantity, but would suffer losses requiring subsidy. Compromises include allowing a normal rate of return to limit profits and incentives problems but
Oligopoly
There are several key characteristics of oligopolies:
- They consist of a small number of mutually interdependent firms. Each firm must consider the reactions of other firms to its decisions.
- They exhibit both competition and potential cooperation between firms. Firms may engage in strategic decision-making and pricing based on competitors' expected responses.
- There is no single model of oligopoly behavior. Behavior may range from competitive pricing under contestable market models to monopoly-like pricing under cartel models.
Differences between duopoly and monopoly
The document compares monopolies and duopolies. It defines a monopoly as a single seller of a good without close substitutes, while a duopoly contains two firms that cover the whole market. Examples given are the US Postal Service and Intel/AMD. The document also outlines differences in demand curves, price discrimination abilities, advertising needs, and abilities to defeat competitors' strategies between monopolies and duopolies.
Monopoly
There is a single seller of a product with no close substitutes and barriers to entry in a monopoly market. A monopoly is characterized by a single firm that is both the industry and controls the supply of the product, allowing it to be a price maker. Barriers that can cause monopolies include controlling raw materials, patents, large capital requirements, government licenses, and mergers eliminating competitors. Under monopoly, the firm's demand curve is also the industry demand curve and equals the average revenue curve, both of which slope downward. The marginal revenue curve also slopes downward and lies below the average revenue curve.
Monopoly - Profit-Maximization in Monopoly - Economics
Monopoly Economics
A monopoly (from Greek μόνος mónos ["alone" or "single"] and πωλεῖν pōleîn ["to sell"]) exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market).[2] Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit.[3] The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices.[4] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[4]
A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together to coordinate services, prices or sale of goods. Monopolies, monopsonies and oligopolies are all situations in which one or a few entities have market power and therefore interact with their customers (monopoly or oligopoly), or suppliers (monopsony) in ways that distort the market.[citation needed]
Monopolies can be established by a government, form naturally, or form by integration.
In many jurisdictions, competition laws restrict monopolies. Holding a dominant position or a monopoly in a market is often not illegal in itself, however certain categories of behavior can be considered abusive and therefore incur legal sanctions when business is dominant. A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic interest group. Patents, copyrights, and trademarks are sometimes used as examples of government-granted monopolies. The government may also reserve the venture for itself, thus forming a government monopoly
Basics of business monopoly and competitive markets
The document discusses different market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. It provides characteristics and diagrams to analyze each structure. A monopolistic market is described as having many firms differentiating similar products, with relatively easy entry and exit into the industry and imperfect consumer and producer knowledge. Firms in monopolistic competition can earn abnormal profits in the short run but normal profits in the long run as entry of new firms causes prices to fall.
Pure monopoly
This document discusses the concept of monopoly and profit maximization by monopolistic firms. It covers the key features of monopoly markets including barriers to entry, downward sloping demand curves, and the ability of monopolies to be price makers. The document also examines how monopolies can engage in price discrimination by charging different prices to different consumer groups in order to maximize profits. Government policies aimed at regulating monopolies through anti-trust laws and taxes are also summarized.
Chapter9 monopoly
A monopoly is characterized by a single seller, a unique product with no close substitutes, and high barriers to entry that make it difficult for competitors to enter the market. A monopolist is a price maker that faces a downward sloping demand curve and sets price and quantity such that marginal revenue equals marginal cost to maximize profits. This results in the monopoly quantity being lower and price being higher than under perfect competition, creating inefficiencies like deadweight loss and redistributing wealth from consumers to the producer.
Monopoly Market Structure Example of Wapda, Ptcl
Presentation on monopoly market structure by taking the example of wapda and ptcl?
Why other firms cannot enter into it?
What are the problem faced by Monopoly Market?
Monopoly
This document discusses monopoly, which occurs when there is a single seller of a good or service without close substitutes. Key characteristics of a monopoly include barriers to entry for competitors. The document provides several examples of monopolies, such as De Beers' control of the diamond market and Xerox's patent on plain paper copies. It also discusses price discrimination, where a firm charges different prices to different customers, and dumping, which is selling abroad at a lower price than domestically.
Different types of monopoly practices
This document defines and describes different types of monopolies. It explains that a monopoly is a market with a single seller and no close substitutes. It then outlines 10 types of monopolies: perfect, imperfect, private, public, simple, discriminating, legal, natural, technological, and joint monopolies. Each type is defined, and examples are provided to illustrate the key features of different monopoly structures.
Econ 204 week 9 outline
This document provides an overview of monopoly and price discrimination. It discusses how monopolists determine output levels by producing where marginal revenue equals marginal cost. This results in lower output and higher prices than under perfect competition, creating deadweight loss. The document also examines how patents can encourage innovation by granting temporary monopoly power but can also prolong monopolies. It defines price discrimination as charging different prices to different consumer groups and explains how firms can increase profits through third-degree price discrimination by dividing the market and applying the marginal principle separately to each group. Examples of price discrimination include senior citizen discounts and hardcover vs paperback book pricing.
Monopoly
This document discusses monopolies and provides examples and analysis. It begins by defining key characteristics of monopolies, including that there is a single firm producing the entire supply of a product without competitors. It then analyzes how a monopolist determines the profit-maximizing level of output and price, finding where marginal revenue equals marginal cost and charging the highest price the market will bear. The document emphasizes that barriers to entry, such as legal harassment, patent protection, exclusive licensing, and bundled products, allow monopolies to exist and earn economic profits.
Monopoly
- A monopoly is a sole seller in a market that faces a downward-sloping demand curve. It is a price maker unlike competitive firms.
- A monopoly maximizes profits by producing where marginal revenue equals marginal cost and charging a price above marginal cost.
- This results in a lower quantity and higher price than would be socially optimal, causing deadweight loss.
- Governments address monopoly power through antitrust laws, regulation, or public ownership to increase competition and efficiency.
16786 markets part_2
This document discusses monopoly and monopolistic competition. It defines monopoly as a market with a single seller and significant barriers to entry. A monopoly is also known as a price maker and can set prices to maximize profits. Under monopolistic competition, there are many sellers but their products are differentiated. While products are substitutes, they are not perfect substitutes. Firms in monopolistic competition compete through non-price factors like branding and marketing.
Price determination under perfect competition
Price Determination Under Perfect Competition, Perfect Competitive Market, Equilibrium between Demand & Supply Price, Time Element
More Related Content
What's hot
Monopoly Lecture Notes (Economics)
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
Monopoly
A monopoly is a sole seller of a product without close substitutes. It faces a downward-sloping demand curve and is a price maker. A monopoly's marginal revenue is below price. It maximizes profits by producing where marginal revenue equals marginal cost and charging a price above marginal cost. This leads to deadweight loss from producing a quantity below the efficient level. Policymakers address this through antitrust laws, regulation, or public ownership.
Monopoly
This document outlines the key topics and objectives to be covered in a chapter on monopoly. The lecture plan will examine the nature and forms of monopoly markets. It will analyze the pricing and output decisions of monopolists in the short run and long run. Additionally, it will explore multi-plant monopolies, price discrimination, and the degrees to which monopolies can engage in price discrimination. The objectives are to understand the emergence of monopoly power through barriers to entry, and analyze the economic inefficiency that monopolies create.
Monopoly ppt
Monopoly is defined as a market situation where there is a single seller with complete control over an industry. Key features of monopoly include a single seller, price discrimination, lack of close substitutes, and restricted market entry. True monopolies generally exist in government controlled markets or through legal barriers like patents and copyrights that provide opportunities to monopolize a market. The Tata Nano is an example of a monopoly in its market segment as Tata is the only seller and there are no close substitutes, along with barriers to entry.
Monopoly Market structure
This document defines monopoly and discusses its key characteristics. A monopoly is a market structure where there is a single seller of a product without close substitutes. For a monopoly to exist, there must be significant barriers to entry that prevent competition. A monopoly faces a downward-sloping demand curve and is able to set prices, unlike firms in competitive markets which are price takers. While monopolies may lead to higher profits for firms, they also result in inefficient resource allocation and limited options for consumers.
Monopoly and Duopoly
This document discusses monopoly and duopoly market structures. It defines a monopoly as a market with a single seller and no close substitutes, allowing the seller to be a price maker. Duopoly is defined as a market with two sellers that control most or all of the market. Key points:
- Monopolies exist due to barriers to entry like economies of scale, actions to keep competitors out, or government barriers.
- Duopolies can have the same impact on prices as a monopoly if the two sellers collude. Examples given are Boeing and Airbus, and Amazon and Apple.
- Both market structures give sellers price control and make entry of new competitors difficult due to existing barriers.
natural monopoly
A monopoly is a firm that is the sole seller of a product without close substitutes and faces barriers to entry. There are three sources of barriers to entry: owning a key resource, government protections like patents, and natural monopoly. A natural monopoly exists when economies of scale mean a single firm can supply a market more efficiently than multiple firms. Utilities like electricity are often natural monopolies. Unregulated, a natural monopoly would produce where marginal revenue equals marginal cost, resulting in deadweight loss from underproduction. Regulated, a natural monopoly could be required to produce where price equals marginal cost, the efficient quantity, but would suffer losses requiring subsidy. Compromises include allowing a normal rate of return to limit profits and incentives problems but
Oligopoly
There are several key characteristics of oligopolies:
- They consist of a small number of mutually interdependent firms. Each firm must consider the reactions of other firms to its decisions.
- They exhibit both competition and potential cooperation between firms. Firms may engage in strategic decision-making and pricing based on competitors' expected responses.
- There is no single model of oligopoly behavior. Behavior may range from competitive pricing under contestable market models to monopoly-like pricing under cartel models.
Differences between duopoly and monopoly
The document compares monopolies and duopolies. It defines a monopoly as a single seller of a good without close substitutes, while a duopoly contains two firms that cover the whole market. Examples given are the US Postal Service and Intel/AMD. The document also outlines differences in demand curves, price discrimination abilities, advertising needs, and abilities to defeat competitors' strategies between monopolies and duopolies.
Monopoly
There is a single seller of a product with no close substitutes and barriers to entry in a monopoly market. A monopoly is characterized by a single firm that is both the industry and controls the supply of the product, allowing it to be a price maker. Barriers that can cause monopolies include controlling raw materials, patents, large capital requirements, government licenses, and mergers eliminating competitors. Under monopoly, the firm's demand curve is also the industry demand curve and equals the average revenue curve, both of which slope downward. The marginal revenue curve also slopes downward and lies below the average revenue curve.
Monopoly - Profit-Maximization in Monopoly - Economics
Monopoly Economics
A monopoly (from Greek μόνος mónos ["alone" or "single"] and πωλεῖν pōleîn ["to sell"]) exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market).[2] Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit.[3] The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices.[4] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[4]
A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together to coordinate services, prices or sale of goods. Monopolies, monopsonies and oligopolies are all situations in which one or a few entities have market power and therefore interact with their customers (monopoly or oligopoly), or suppliers (monopsony) in ways that distort the market.[citation needed]
Monopolies can be established by a government, form naturally, or form by integration.
In many jurisdictions, competition laws restrict monopolies. Holding a dominant position or a monopoly in a market is often not illegal in itself, however certain categories of behavior can be considered abusive and therefore incur legal sanctions when business is dominant. A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic interest group. Patents, copyrights, and trademarks are sometimes used as examples of government-granted monopolies. The government may also reserve the venture for itself, thus forming a government monopoly
Basics of business monopoly and competitive markets
The document discusses different market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and duopoly. It provides characteristics and diagrams to analyze each structure. A monopolistic market is described as having many firms differentiating similar products, with relatively easy entry and exit into the industry and imperfect consumer and producer knowledge. Firms in monopolistic competition can earn abnormal profits in the short run but normal profits in the long run as entry of new firms causes prices to fall.
Pure monopoly
This document discusses the concept of monopoly and profit maximization by monopolistic firms. It covers the key features of monopoly markets including barriers to entry, downward sloping demand curves, and the ability of monopolies to be price makers. The document also examines how monopolies can engage in price discrimination by charging different prices to different consumer groups in order to maximize profits. Government policies aimed at regulating monopolies through anti-trust laws and taxes are also summarized.
Chapter9 monopoly
A monopoly is characterized by a single seller, a unique product with no close substitutes, and high barriers to entry that make it difficult for competitors to enter the market. A monopolist is a price maker that faces a downward sloping demand curve and sets price and quantity such that marginal revenue equals marginal cost to maximize profits. This results in the monopoly quantity being lower and price being higher than under perfect competition, creating inefficiencies like deadweight loss and redistributing wealth from consumers to the producer.
Monopoly Market Structure Example of Wapda, Ptcl
Presentation on monopoly market structure by taking the example of wapda and ptcl?
Why other firms cannot enter into it?
What are the problem faced by Monopoly Market?
Monopoly
This document discusses monopoly, which occurs when there is a single seller of a good or service without close substitutes. Key characteristics of a monopoly include barriers to entry for competitors. The document provides several examples of monopolies, such as De Beers' control of the diamond market and Xerox's patent on plain paper copies. It also discusses price discrimination, where a firm charges different prices to different customers, and dumping, which is selling abroad at a lower price than domestically.
Different types of monopoly practices
This document defines and describes different types of monopolies. It explains that a monopoly is a market with a single seller and no close substitutes. It then outlines 10 types of monopolies: perfect, imperfect, private, public, simple, discriminating, legal, natural, technological, and joint monopolies. Each type is defined, and examples are provided to illustrate the key features of different monopoly structures.
Econ 204 week 9 outline
This document provides an overview of monopoly and price discrimination. It discusses how monopolists determine output levels by producing where marginal revenue equals marginal cost. This results in lower output and higher prices than under perfect competition, creating deadweight loss. The document also examines how patents can encourage innovation by granting temporary monopoly power but can also prolong monopolies. It defines price discrimination as charging different prices to different consumer groups and explains how firms can increase profits through third-degree price discrimination by dividing the market and applying the marginal principle separately to each group. Examples of price discrimination include senior citizen discounts and hardcover vs paperback book pricing.
Monopoly
This document discusses monopolies and provides examples and analysis. It begins by defining key characteristics of monopolies, including that there is a single firm producing the entire supply of a product without competitors. It then analyzes how a monopolist determines the profit-maximizing level of output and price, finding where marginal revenue equals marginal cost and charging the highest price the market will bear. The document emphasizes that barriers to entry, such as legal harassment, patent protection, exclusive licensing, and bundled products, allow monopolies to exist and earn economic profits.
What's hot (19)
Monopoly - Profit-Maximization in Monopoly - Economics
Monopoly - Profit-Maximization in Monopoly - Economics
Basics of business monopoly and competitive markets
Basics of business monopoly and competitive markets
Viewers also liked
Monopoly
- A monopoly is a sole seller in a market that faces a downward-sloping demand curve. It is a price maker unlike competitive firms.
- A monopoly maximizes profits by producing where marginal revenue equals marginal cost and charging a price above marginal cost.
- This results in a lower quantity and higher price than would be socially optimal, causing deadweight loss.
- Governments address monopoly power through antitrust laws, regulation, or public ownership to increase competition and efficiency.
16786 markets part_2
This document discusses monopoly and monopolistic competition. It defines monopoly as a market with a single seller and significant barriers to entry. A monopoly is also known as a price maker and can set prices to maximize profits. Under monopolistic competition, there are many sellers but their products are differentiated. While products are substitutes, they are not perfect substitutes. Firms in monopolistic competition compete through non-price factors like branding and marketing.
Price determination under perfect competition
Price Determination Under Perfect Competition, Perfect Competitive Market, Equilibrium between Demand & Supply Price, Time Element
Price determination under monopoly
Price determination under monopoly, Demand under Monopoly, Equilibrium & Price Determination, Short Run Equilibrium
6 price and output determination- monopoly
This document discusses monopoly markets, including conditions that lead to monopoly, how monopolies differ from perfect competition in terms of price and output, the relationship between elasticity and monopoly pricing. It also covers the three degrees of price discrimination and how monopolies can calculate profit maximizing price and output levels.
monopoly
This document presents information about monopoly, including definitions, features, types, and price determination under short-run and long-run conditions. It was submitted by a group of students to Dr. Ashish Pareek. Monopoly is defined as a market situation where there is a single seller of a product without close substitutes. Key features include one seller facing many buyers, restrictions on entry of new firms, and the seller being a price maker. The document also discusses monopoly's demand and revenue curves, and how a monopolist may earn super normal profits, normal profits, or face minimum losses in the short-run depending on costs and revenues.
Monopoly market structure
A monopoly is characterized by a single firm controlling the entire market for a good or service with no close substitutes. This allows the firm to set prices without competition. While monopolies can benefit from economies of scale, they also restrict output to raise prices and profits, resulting in an inefficient allocation of resources and loss of consumer welfare. Modern examples include electricity distribution networks and Google's dominance as a search engine.
Market Structure- Micro Economics
The selling environment in which a firm produces and sells its product is called a market structure.*
Defined by three characteristics:
The number of firms in the market
The ease of entry and exit of firms
The degree of product differentiation
Economics - Market Structure
This is a presentation on market structure - topic of Economics -
It includes:
What is Market?
What is market structure?
Characteristics of Market
Classification of Market
1)Area or region
2)Time
3)Functions
4)nature of Commodity
5)Legality
Types of Market structure
characteristics of all market structures
This can be useful for BBA student of 1st year.
Market Structure and Types of Market Structure
This document discusses different types of market structures: pure competition, monopoly, monopolistic competition, and oligopoly. It provides key characteristics of each structure, including the number and size of buyers and sellers, product differentiation, barriers to entry/exit, and pricing behavior. Pure competition has many small firms and sellers producing homogeneous products. A monopoly has a single seller of unique products with no close substitutes. Monopolistic competition features many firms making differentiated products. Oligopoly involves a small number of large firms producing standardized or differentiated goods.
Monopoly and Price Determination
This document discusses monopoly and price determination under monopoly. It defines monopoly as a market situation with a single seller and no close substitutes. A monopoly firm is a price maker that can influence the price of its product. The document examines how a monopoly firm determines price and equilibrium in the short and long run through total revenue and cost analysis and marginal revenue and marginal cost analysis. It maximizes profits by producing where marginal cost equals marginal revenue.
Monopoly Market Structure
what is monopoly, its characteristics, probable cause & equilibrium price and output in short n long run.
u can mail me ur views on rajeshkr.1128@gmail.com
perfect competition, monopoly, monopolistic and oligopoly
Price determination under different market structure and characterstics of all these market stractures along with graphical presentation of Perfect competition, Monopoly, Monopolistic and Oligopoly market structue
Viewers also liked (13)
perfect competition, monopoly, monopolistic and oligopoly
perfect competition, monopoly, monopolistic and oligopoly
Similar to Monopoly
Economics presentation
This document provides an overview of monopoly and monopolistic competition in economics. It defines a monopoly as a single seller of a unique product or service that faces no competition. Key characteristics of a monopoly include barriers to entry, government restrictions that limit competition, and the ability to control price as the sole provider. An example given is Apple as the sole provider of the iPhone. Monopolistic competition involves many firms producing differentiated but substitutable products, with freedom of entry into the market. Firms have some power to influence price as each product is differentiated from others.
Perfect Competition and Monopolies 22.pptx
The document discusses different market structures: perfect competition, monopolistic competition, oligopoly, and monopoly. It provides characteristics and examples of each. Perfect competition has many small firms, identical products, no barriers to entry, and firms have no control over price. Monopolistic competition has differentiated products and firms have some control over price. Oligopoly is dominated by a few large firms producing similar products, with barriers to entry. Monopoly is a single seller of a product with complete control over price.
Economics alternative market structures
This Presentation is on Market Structure and its types. Including all the images of revenue, producer equilibrium, its elasticity, examples of all the market, characteristics and features of all the market. This presentation is very helpful in understanding the market structure and the types of market structure.
Monopoly
Monopoly is a market structure where a single firm is the sole seller of a product without close substitutes. There are barriers to entry that prevent competition. A monopoly faces a downward sloping demand curve and is a price maker that produces less output than would maximize total surplus in order to keep prices above marginal costs and earn profits. Types of monopolies include private, public, and natural monopolies that can arise due to ownership of key resources, government protections, or efficiencies of large-scale production.
Mc _o_
This document provides an outline on monopolistic competition and oligopoly. It begins by explaining where monopolistic competition fits between perfect competition and monopoly. It then discusses the assumptions and characteristics of monopolistic competition in both the short run and long run, including excess capacity, product differentiation, and efficiency. The document next covers the assumptions and concentration ratios used to define oligopoly markets. Finally, it summarizes two models used to analyze oligopoly - cartel theory and game theory, using the prisoner's dilemma example.
Economics ch 6
1. The document discusses different market structures including perfect competition, monopoly, monopolistic competition, and oligopoly. It provides characteristics and examples of each.
2. Perfect competition involves many small firms, standardized products, free entry and exit from the market, and complete information. The shampoo aisle is used as an example of monopolistic competition, where many similar but differentiated products compete.
3. A monopoly is a single firm with no close substitutes and barriers to entry. While sometimes granted legally, they may charge high prices without competition. Oligopolies involve only a few dominant firms where the actions of one impact others.
Monopolistic Competition
Monopolistic competition is an imperfect market structure between pure monopoly and perfect competition. It is characterized by many firms producing differentiated products and free entry and exit. In the long run, firms will enter and exit the market until economic profits are zero, but monopolistically competitive firms still operate with excess capacity and charge prices above marginal costs. This results in deadweight loss but regulating product differentiation would be difficult. Advertising and brand names are used by firms to differentiate products but their effects on competition and consumer choice are debated.
Bestbuy's failure in China
Best Buy failed in the Chinese market for several reasons related to their marketing strategy. They offered higher prices and a focus on customer service rather than low prices, which did not align with Chinese consumer preferences who prioritize low prices over service. Additionally, Best Buy focused on large flagship stores rather than many smaller, convenient locations, and they struggled to compete with local retailers on price. To succeed in China, foreign retailers need to localize their offerings and strategies to the price-sensitive Chinese market.
Market Structures (economics)
This document defines and classifies different market structures. The main market structures discussed are perfect competition, monopoly, oligopoly, and monopolistic competition. Perfect competition is characterized by many small sellers, standardized products, and no single seller influencing prices. A monopoly has a single seller dominating an industry. Oligopoly has a few large sellers controlling the market. Monopolistic competition involves differentiated but similar products among many sellers. The document also briefly discusses monopsony and oligopsony structures defined by a single or few dominant buyers.
Oligopoly
This document defines and describes oligopoly, a market form dominated by a small number of interdependent sellers. An oligopoly lies between perfect competition and monopoly. It discusses the characteristics of oligopolies including profit maximization and ability to influence prices. The document also outlines different types of oligopolies such as pure/differentiated and collusive/non-collusive. It provides examples of oligopolies in industries like petroleum, telecommunications, and banking.
Market structure
The document discusses different market structures:
- Perfect competition has many small firms, homogeneous goods, free entry and exit and perfect information.
- Monopolistic competition has many firms, product differentiation, free entry and exit.
- Oligopoly has a small number of firms, potential for product differentiation and barriers to entry.
- Monopoly has a single seller, barriers to entry and no substitutes for its product.
International plc
This document discusses international product strategies. It covers the stages of the international product lifecycle, including introduction, growth, maturity, and decline. It also discusses dimensions of the international product mix, the new product development process, degrees of product newness, and product diffusion in international markets. The chapter evaluates key aspects of developing and marketing products globally.
Ch.15 Monopoly.pptx
The document discusses monopolies and government policy toward monopolies. It defines a monopoly as a sole seller of a product without close substitutes that is a price maker. Monopolies arise due to barriers to entry, which can be from ownership of a key resource, government protections, or economies of scale. A monopoly produces less than the socially optimal quantity and charges a price above marginal cost, resulting in deadweight loss. Government policy options toward monopolies include increasing competition through antitrust laws, regulating monopoly behavior, establishing public enterprises, or taking no action.
Market structure
This document discusses different types of market structures:
1. Perfect competition is characterized by many small sellers of identical products, price taking behavior, freedom of entry and exit. Potatoes sold at markets are an example.
2. Monopoly is dominated by a single seller of a unique product where entry is restricted, like Gillette razor blades.
3. Monopolistic competition involves differentiated products that are close substitutes, like various shoe brands.
4. Oligopoly has a small number of interdependent sellers that recognize how their actions impact rivals, like instant noodle brands in India. Duopoly is a specific type of oligopoly with two dominant firms, like Pepsi and Coke in soft drinks
Oligopoly
This document discusses oligopolies, which are markets with only a few sellers. Key points include:
- Oligopolies fall between perfect competition and monopoly in terms of market structure.
- Firms in an oligopoly must consider how their rivals will respond to their pricing and output decisions, making strategic interactions important.
- Oligopolies may cooperate like a monopoly to restrict output and raise prices, but self-interest often prevents long-term cooperation.
- Antitrust laws aim to prevent anticompetitive behavior and encourage more competitive outcomes with greater output and lower prices.
Reducing Inefficiencies in Financial Markets
Robinhood is a mobile-only stock trading platform that offers zero commission trades. This allows more retail investors and higher volatility in financial markets. While zero fees reduce barriers to entry, it may also lead to more frequent and speculative trading by inexperienced investors. Robinhood makes money through interest on cash balances and margin lending, rather than trading commissions. Some studies show that high frequency trading tends to generate lower returns for individual investors.
Chapter 6 market structure competitive, monopolistic and monopolistically c...
This document summarizes key concepts related to different market structures:
- Perfect competition is characterized by many small firms, homogeneous products, perfect information, and free entry and exit. Firms are price-takers and earn zero economic profits in the long run.
- Monopolies have barriers to entry that give them power over prices and outputs. They maximize profits where marginal revenue equals marginal costs, resulting in higher prices and lower quantities than under perfect competition.
- Monopolistic competition involves differentiated products, free entry and exit, and firms that do not consider rivals' behavior. In long run, firms earn zero profits as entry continues until prices equal average costs.
Oligopoly
This document provides an overview of oligopoly, including:
- Oligopoly is a market structure with a small number of producers dominating the market. Features include high barriers to entry, product differentiation, interdependence between firms, and indeterminate demand curves.
- The kinked demand curve model illustrates how firms in an oligopoly may match or not match price cuts by competitors. A single firm reducing price could gain market share, but risks retaliation that reduces overall profits.
- Case studies of industries like aviation and companies like GE demonstrate how oligopoly dynamics play out in practice, with firms engaging in strategic interactions around pricing, advertising, and investment decisions.
Chapter 7 Oligopoly
This document provides an overview of oligopoly market structures. It defines oligopoly as a market with a small number of dominant firms. It describes different oligopoly models including Cournot, Stackelberg, and Bertrand, explaining how firms make output and pricing decisions under each model. It also covers collusion, barriers to entry, and contestable markets as key conditions that influence oligopoly behavior and market power.
Similar to Monopoly (20)
Chapter 6 market structure competitive, monopolistic and monopolistically c...
Chapter 6 market structure competitive, monopolistic and monopolistically c...
More from Muhammad Assad Fahim Khan
Quality management system
The document discusses quality management systems and practices. It provides background on the history and pioneers of quality management, including Frederick Taylor, Philip Crosby, Joseph Juran, and W. Edwards Deming. It describes the purpose and significance of quality management systems and procedures. It also provides an overview of the International Organization for Standardization (ISO) quality management standards, including ISO 9000, ISO 9001, and ISO 14000.
Managing food quality (final)
The document proposes a framework for managing product quality risk in global supply chains. It consists of identifying risks from direct and indirect suppliers, assessing those risks, reporting on supplier data, and developing supplier risk management responses. The framework also includes understanding customer quality requirements and ensuring products meet those requirements by aligning and verifying business processes. A case study applies this framework to a Central American company and exposes issues in quality risk across its multi-tier supplier network. The framework helped the company develop action plans to improve areas like traceability, transparency, testability, time, trust, and training.
Reverse Logistics
Panasonic was facing expensive costs and confusion from product returns arriving without proper paperwork. They implemented a smart solution called RTL ERL from The ECN Group, which is a web-based system to collect and analyze return data. This system allows Panasonic to set return policies online and provides consistent rules for retailers to view. It has simplified the return process and reduced Panasonic's reverse logistics costs by 20% by providing the right return actions and minimizing unnecessary product shipping. The system also improves customer, retailer and manufacturer satisfaction.
Communication and role of social media in pakistan's election 2013
This document discusses communication and its role in relationships and business. It defines communication and describes various types of communication including verbal, nonverbal, written, and electronic communication. It discusses effective communication skills like active listening, seeing other perspectives, using "I" statements, compromising, and asking for breaks when needed. The document also discusses the benefits of effective communication in business, like maintaining strong relationships, avoiding assumptions, and saving time and money. It notes that poor communication can decrease productivity, lower morale, and lead to mistakes in business. Overall, the document provides an overview of communication and emphasizes the importance of effective communication skills in relationships and business.
Engro foods
This document provides information about Engro Foods' marketing mix for their dairy products in Pakistan. It begins with an overview of marketing mix concepts and the 4 P's of marketing (Product, Price, Place, Promotion). It then discusses Engro Foods' history and vision, departments, marketing research conducted, and product range. The bulk of the document analyzes Engro Foods' marketing mix strategies for their products, focusing on specific strategies and campaigns for aspects of the 4 P's. It concludes by discussing Engro Foods' social responsibility efforts.
Inflation
This document provides an overview of inflation including:
- Definitions of inflation and its causes such as an excessive growth of the money supply.
- Types of inflation categorized by coverage, time of occurrence, government reaction, rising price levels, causes, and expectations.
- Positive effects of inflation include increased tax revenues for governments.
- Negative effects include uncertainty that discourages investment and international trade imbalances.
- Methods for controlling inflation focus on reducing aggregate demand through monetary and fiscal policy measures.
What is economy system????
The document provides an overview of the US economic system. It discusses that the US has a mixed economy, with private industry playing a major role but the government still influencing economic activity. It also summarizes US trade, noting that the US has many free trade agreements globally and is both a major importer and exporter. The recovery of the US economy will rely on services, natural resources, and its large population.
Inflation assad (eco)-111
Inflation is defined as a general increase in the prices of goods and services in an economy. It originates from governments diluting the value of currency by increasing the money supply. There are three main types: creeping inflation under 3% annually, running inflation between 10-20% annually, and hyperinflation over 1000% annually. Inflation is caused by demand-pull factors like increased spending and cost-push factors like higher production costs. It can be measured using indices like the Consumer Price Index. Governments use monetary policy tools like raising interest rates and fiscal policy like decreasing spending or increasing taxes to control inflation. Both approaches work best when used together given inflation has many interconnected causes.
More from Muhammad Assad Fahim Khan (8)
Communication and role of social media in pakistan's election 2013
Communication and role of social media in pakistan's election 2013
Recently uploaded
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingExcellence Foundation for South Sudan
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.clinical examination of hip joint (1).pdf
described clinical examination all orthopeadic conditions .
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar KanvariaBÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...Nguyen Thanh Tu Collection
https://app.box.com/s/y977uz6bpd3af4qsebv7r9b7s21935vdWalmart Business+ and Spark Good for Nonprofits.pdf
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Add Chatter in the odoo 17 ERP Module
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
How to Fix the Import Error in the Odoo 17
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
How to Setup Warehouse & Location in Odoo 17 Inventory
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Hindi varnamala | hindi alphabet PPT.pdf
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
How to Manage Your Lost Opportunities in Odoo 17 CRM
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
The History of Stoke Newington Street Names
Presented at the Stoke Newington Literary Festival on 9th June 2024
www.StokeNewingtonHistory.com
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityAkanksha trivedi rama nursing college kanpur.
Natural birth techniques are various type such as/ water birth , alexender method, hypnosis, bradley method, lamaze method etcCommunity pharmacy- Social and preventive pharmacy UNIT 5
Covered community pharmacy topic of the subject Social and preventive pharmacy for Diploma and Bachelor of pharmacy
Recently uploaded (20)
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
Monopoly
- 2. What is Monopoly? • The only seller of a product that hasn't been duplicated.
- 3. Example 1. Shimano, 2. YKK ( Waikeikei), 3. Nidec, 4. Mabuchi, 5. Debeers diamonds 6. Intel
- 4. Characteristics • Single seller, • Unique product, • Barriers to entry • Price maker • Non-price competition
- 5. Barriers to Entry •Economies of scale, •Legal barriers: Patents, Copyright, License, Franchise, •Network Externalities:
- 6. Types • Natural monopoly, • Geographic monopoly, • Technological monopoly, • Government monopoly,
- 7. Causes of monopoly What are the causes of monopoly?
- 8. Why Monopolies can be beneficial? Research and Development. Economies of scale. International Competitiveness. Monopolies Successful Firms. Advantages Of Monopoly
- 9. Types of profit in monopoly. • Normal profit • Supernormal profit • Sub normal profit
- 10. Normal profit AR = AC monopolist will get normal profit
- 11. Supernormal profit AR>AC monopolist will get supernormal profit
- 12. Sub-normal profit AC > AR monopolist will get Sub- normal profit
- 13. Price and output under pure monopoly The monopolists demand curve constraints on monopoly
- 14. Price and output under pure monopoly A change in demand will cause a change in price, output and profit.
- 15. Price discrimination Different customers charged different charges
- 16. Conditions on price discrimination Monopoly power Elasticity of demands Separation of the market
- 17. Examples of price discrimination • Cinemas and theaters, • Student discounts, • Car rental firms, • Hotels ,
- 18. Aim of price discrimination To increase the total revenue. Extract consumer surplus and turn it into producer surplus
- 19. Thanks you