MONOPOLY

MARKET STRUCTURE

WHAT IS IT?

WHY?

• Exlusive ownership
• Patents,copyrights
• Merger

CHARACTERISTICS

• Profit maximizer
• Price discrimination
• Unique seller
• High barriers to entry

ADVANTAGES

DISADVANTAGES

• Poor quality of products
• Higher prices

EXAMPLES!

CONCLUSION

REFERENCES

• Answers.com, (2014). What Are the Advantages and Disadvantages of a Monopoly?. [online] Available at: http://business.answers.com/economics/what-are-the-advantages-and-disadvant... [Accessed 26 Sep. 2014].
• Dineshbakshi.com, (2014). Monopoly | features, advantages, disadvantages. [online] Available at: http://www.dineshbakshi.com/igcse-gcse-economics/private-firm-as-producer-a... [Accessed 26 Sep. 2014].
• Econlib.org, (2014). Monopoly: The Concise Encyclopedia of Economics | Library of Economics and Liberty. [online] Available at: http://www.econlib.org/library/Enc/Monopoly.html [Accessed 26 Sep. 2014]
• Investopedia, (2009). Monopoly Definition | Investopedia. [online] Available at: http://www.investopedia.com/terms/m/monopoly.asp [Accessed 26 Sep. 2014].