What are Monopoly Markets? Characteristics


 
Cartels > Forum Log in

What are Monopoly Markets? Characteristics
Mohamed Shafraz, Student (Other), Sri Lanka, Member
Monopoly market is the market where we can see only one supplier who is offering a good or service which has no substitutes.
Characteristics of a monopoly market:
- Only one supplier
- Price is decided by that company>
- Strict entry barriers
- Company will make abnormal profits in short and long run
- Company will not advertise
- The good or service doesn't have substitutes
Formation of a monopoly:
- By law
- By competition
- By forming cartels
- By the ownership of scare resources....
 

 























 


Special Interest Group Leader

Cartels
Summary
Forum
Best Practices

Expert Tips

Resources



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 18-10-2018. All names of their owners.