MONOPOLY MARKET

GROUP MEMBERS:
KRITI
LAYEBA
HIMAKESH
SHREYAS
 CARICATURE ON MONOPOLY MARKET

• Monopolist Controls price- Since there is only one firm selling the
product, it becomes the price maker for the industry. The consumers
have to accept the price set by the firm as there are no other sellers or
close substitutes.

• There is only one supplier, and firms cannot easily enter or exit, there
are no substitutes for the goods or services. Therefore, a monopoly
also has absolute product differentiation because there are no other
comparable goods or services.

• There are plenty of buyers, but limited seller. This form of market aims
at maximizing profits as much as they can. price discrimination is also
prevalent.

• Since there is no competition in such a market, a monopoly can often

provide low or inferior quality of goods to save their costs of production
and make more profits, thereby causing a loss to the consumers.
 EXAMPLE

Microsoft monopoly is in windows operating system and its related

product. Majority of the computers and laptops used by common
people and in offices are of windows. As a result, there is a demand for
other MS products like MS Office.
The fact that nobody else is allowed to compete with them on the
Windows and Office businesses, that is what makes them a monopoly.
They have an assortment of little monopolies enforced by the state and
thus the moniker "monopolist" is objectively well-deserved, i
Microsoft was considered a monopoly in the late 90's because it had
monopoly market power. It could set prices for users, and dictate
behaviour such as what other software manufactures could offer on
their machines. Because of the structure of the business operating
system in the 1990 there was effectively no other option than to use
Windows.