Which benefit is shared by both monopolies and oligopolies?

Q: What are monopolies and oligopolies? How do they tend to differ from businesses in a market where…

A: Both monopolies and oligopolies are the imperfectly competitive markets. The monopolies are a market…

Q: List and explain the barriers to entry that shield pure monopolies from competition.

A: ANS There can be various factors that create the barrier to entry and thus shield a monopoly, some…

Q: What are the advantages and disadvantages of NATURAL monopolies?

A: If a monopoly has exclusive control of a resource, or if previous ownership of capital resources…

Q: One company has monopolized the market for cell phones. How does this impact the overall market for…

A: Monopoly is the type of market structure which has only a single seller and is a price maker. It…

Q: Give possible reasons for the poor performance of the monopolies

A: Monopoly: - monopoly market structure is the structure in which there is only one seller of any good…

Q: The reason monopolies are inefficient for society is because monopolies: options: 1.Create no…

A: Monopoly is a single firm in the market producing unique good.

Q: (1) Are colleges and universities an example of purecompetition or monopolistic competition? Why?…

A: Under pure competition, goods and services are homogeneous and price is fixed, each individual firms…

Q: How do monopolies play into the treadmill of production and consumption on a larger scale?

A: A monopoly has following features: Firms are the price maker. Aim of a monopolist is to maximize…

Q: What’s the difference between oligopoly and monopoly

A: Difference between oligopoly and monopoly are as follows: 1.Oligopoly has few sellers whereas…

Q: If there are many sellers,which kind of market is that? a)Oligapoly b)Monopolistic competition…

A: There are different types of market structures in an economy: 1) Monopoly 2) Monopolistic…

Q: Why are monopolies for the most part illegal?

A: Monopoly Market: Monopoly market refers to the market situation where a single firm enjoys the…

Q: What is a cartel and how it reads to market failure, and construct a diagram as well

A: Cartel is an arrangement by which the firms collude and decide on a common price-output policy. This…

Q: Which of these relations is always TRUE for monopolies? MR > D P > MR P > AC TR < T

A: The profit maximizing level of output produced by the monopoly at point where MC is equal to MR. For…

Q: Why does the government regulate natural monopolies

A: Monopolies are the market structure where there is only a single seller of a unique good. There are…

Q: How do sellers in the monopolistic competition and monopoly competition compete?

A: Different forms of market structures differ in their level of competitiveness, ranging from highly…

Q: how monopolists in the Philippines are being regulated by the government.

A: When a single company dominates the entire market, it is called a monopoly. The terms "company" and…

Q: Using Cost curves explain how Monopolies make unusual profits?

A: In monopoly, eqm quantity is where the MR(marginal revenue) and MC(marginal cost) cut each other.…

Q: Discuss the economic factors that lead to the development of monopolies. Examples of monopolies…

A: Monopoly is defined as a market structure in which there is only a single seller of the good or…

Q: Is it feasible to prohibit monopolies in all markets?

A: Monopoly is a market structure where there is only one seller and many buyers. The seller has…

Q: How can we avoid monopolies being created in the Indian economy? Explain with a couple of examples.

A: A monopoly is when one business holds a dominant position in an industry or area to the point where…

Q: How are oligopoly and monopolistic competition alike? How are they different?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Many firms that sell in small markets are effectively monopolies; they are the sole provider of a…

A: A market is a place where the buyers and the sellers interacts with each other and the exchange of…

Q: Like monopolies, oligopolies may continue to earn economic profit in the long run.   is this true or…

A: An oligopoly market structure is where the market is regulated by a few producers. In such a market…

Q: What conditions may permit oligopolies to discriminate consumers?

A: Oligopoly is the market situation where there are few large firms and many buyers. Each firm has…

Q: How is a movie superstar like a monopolist?

A: Monopoly describes a market situation when there is only one seller and no other substitutes. For…

Q: Why are monopolies considered an abuse of power?

A: Pricing power is frequently restricted by rivals and the prospect of customers switching to…

Q: “Monopolies always produce less and charge higher prices for goods which are often of dubious…

A: A monopoly occurs when one person or company is the sole seller of a given commodity. A monopsony…

Q: Which of the following is NOT an advantage that could allow monopolies to enhance consumer welfare?

A: A Monopoly is defined as a market system in which a company and its product offerings basically…

Q: Why is it that monopolies can enjoy long run profits, but firms under monopolistic competition face…

A: Market:Market refers to the place where the buyer and seller of the commodity come in close contact…

Q: What are businesses or industries in the Philippines is as examples of monopolistic competition?

A: Monopolistic competition describes a market in which a large number of companies compete for the…

Q: How Monopolies Form Identify an invention and explain how a patent would give a monopoly   a.…

A: The government can grant a company exclusive rights to provide goods or services, which is the…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly? Why does price…

A: Since you have posted multiple question, we will solve first question for you if you want other…

Q: What is the difference between government granted monopolies and free market monopolies? Which one…

A: Monopoly is a form of market that has only one seller but many buyers. If there is no government…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly?

A: Monopolistic Competition is an arrangement of the market where many firms are producing and selling…

Q: how do monopolies affect societys well being?

A: In case of a Monopoly there is a single seller who controls the entire market. The firm is a Price…

Q: What factors hinder firms in monopolistic competition from earning economic profits in the long run?

A: Monopolistic competition is a form of imperfect competition where there are a large number of buyers…

Q: Why is marginal revenue less than the price for monopolies? Can marginal revenue ever be negative?…

A: Monopoly: It refers to that market structure where there exists only one firm who produces the good.…

Q: Explain three reasons why monopolies arise.

A: In an economy, a monopoly is a firm that has market power. That means, unlike other firms in a…

Q: What are the three reasons why monopolies arise?  Give one example of a firm that is a monopoly and…

A: A monopoly refers to a market structure where there is only one seller in the market and has no…