Monopoly behavior
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The document defines a monopoly as a situation where a single company or group owns nearly the entire market for a given product or service. It notes that under strict definitions, a monopoly contains only one firm. The document outlines some potential advantages of monopolies, such as stable prices and revenue for the government, but also significant disadvantages, like exploitation of consumers through higher prices, price discrimination, and inferior goods and services. It concludes that while monopolies can exist in limited scopes due to various exclusive rights, in the current globalized era almost no company has a total monopoly.
Monopoly behavior
- 2. Submitted to: Sultana Shahida Abedin Lecturer Department of Bachelor of Business Administration Green University of Bangladesh Submitted by: Emamul Haque ID: 130120022 5th Semester Department of English
- 4. What is monopoly? A situation in which a single company or group owns all or nearly all of the market for a given type of product or service.
- 5. According to a strict academic definition, a monopoly is a market containing a single firm. In such instances where a single firm holds monopoly power, the company will typically be forced to divest its assets.
- 6. Advantages of monopoly Stability of prices. Source of revenue for the government. Massive profits.
- 7. Disadvantages of monopoly Exploitation of consumers. Dissatisfied consumers. Higher price. Price discrimination. Inferior goods and services.
- 8. Do you have any Question?
- 9. Although monopolies exist in varying degrees due to copyrights, patents, access to materials, exclusive technologies, or unfair trade practices almost no firm has a complete monopoly in the era of globalization.
- 10. THANKS TO ALL!