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Concept of Monopolies

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Concept of Monopolies

Post by sujin007 on Thu Dec 06, 2012 7:50 am

Monopolies can form in several ways. A natural monopoly occurs when one business produces a good at a far cheaper cost than its competitors, causing them to go out of business.

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Re: Concept of Monopolies

Post by sujin007 on Thu Dec 06, 2012 7:53 am

In an oligopoly, a few businesses that dominate a particular industry may come together and set prices and competition rules for that industry. Some governments may simply grant monopoly rights to certain businesses.

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Re: Concept of Monopolies

Post by sujin007 on Thu Dec 06, 2012 3:40 pm


Monopolies can form in several ways. A natural monopoly occurs when one business produces a good at a far cheaper cost than its competitors, causing them to go out of business.

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Re: Concept of Monopolies

Post by sujin007 on Thu Dec 06, 2012 3:42 pm

In an oligopoly, a few businesses that dominate a particular industry may come together and set prices and competition rules for that industry. Some governments may simply grant monopoly rights to certain businesses.

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Re: Concept of Monopolies

Post by sujin007 on Thu Dec 06, 2012 3:44 pm

A strong business may monopolize by buying up industry resources or controlling means of production and shut competitors out of the market by denying them access.


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