Tue, 13/11/2018 - 10:58
#1
monopoly
what are the characteristics of monopoly market
Sun, 11/08/2019 - 19:40
#2
characteristics of monopoly
- single seller
- high barriers to entry or exit
- differentiated products
- imperfect knowledge or information
- price maker
- Electricity board/water board/railway
- price discrimination
- short run and long run profit maximiser
- dynamically efficient