What are Monopoly Markets? Characteristics

Cartels
Knowledge Center

 

Next Topic

Cartels > Forum > What are Monopoly Markets? Characteristics

🔥NEW What are Monopoly Markets? Characteristics
Mohamed Shafraz
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. (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


   
Special Interest Group Leader

Interested? Sign up for free.


Cartels
Summary
Forum
What are Monopoly Markets? Characteristics
Reacting to a Cartel


Cartels
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.5 - Last updated: 6-6-2020. All names of their owners.