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monopoly
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Tue, 13/11/2018 - 10:58
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cleny
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Joined: 13/11/2018 - 10:49
Posts: 1
monopoly

what are the characteristics of monopoly market

 

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Sun, 11/08/2019 - 19:40
karthika14
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Joined: 11/08/2019 - 19:29
Posts: 1
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
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