1 / 81

Monopoly

Monopoly Structure. The essence of market power is the ability to alter the price of a product.. Monopoly Structure . A monopoly firm is one that produces the entire market supply of a particular good or service. . Monopoly = Industry. Because a monopoly industry consists of only one firm, the firm

lavender
Download Presentation

Monopoly

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


    1. Monopoly

    2. Monopoly Structure The essence of market power is the ability to alter the price of a product.

    3. Monopoly Structure A monopoly firm is one that produces the entire market supply of a particular good or service.

    4. Monopoly = Industry Because a monopoly industry consists of only one firm, the firm is the industry.

    5. Monopoly = Industry The firm’s demand curve is identical to the market demand curve for the product.

More Related