Are you struggling with the daunting task of writing a thesis on Monopoly? You're not alone.

Crafting a comprehensive and insightful research paper on such a complex topic can be incredibly
challenging. From conducting extensive research to organizing your thoughts into a coherent outline,
the process can be overwhelming.

Writing a thesis requires a significant investment of time, effort, and expertise. You need to delve
deep into the subject matter, analyze various perspectives, and present your findings in a clear and
concise manner. Additionally, you must adhere to strict academic standards and guidelines, ensuring
that your paper is well-researched and properly formatted.

For many students, navigating through these challenges can seem like an uphill battle. That's why
we're here to help. At ⇒ BuyPapers.club ⇔, we specialize in providing professional thesis writing
assistance to students facing difficulties with their academic projects.

Our team of experienced writers understands the intricacies of thesis writing and can provide expert
guidance every step of the way. Whether you need help refining your research question, developing
a strong thesis statement, or structuring your paper effectively, we've got you covered.

By entrusting your thesis to ⇒ BuyPapers.club ⇔, you can save yourself time and stress while
ensuring that your paper meets the highest standards of academic excellence. Our writers will work
closely with you to understand your unique requirements and deliver a custom-written thesis that
reflects your knowledge and expertise.

Don't let the challenges of thesis writing hold you back. Order your thesis from ⇒ BuyPapers.club
⇔ today and take the first step towards academic success.
In such a case monopoly becomes a vital tool by governments to ensure provision of quality and
affordable goods and services to their citizens. A company that enjoys a monopoly does not have
competitors and may exploit the customers. Some of the competitors included Linux and Mac OS X
in the OS industry; Real Player, VLC player, iTunes in the media player industry; Google in the
search engine industry; Google Chrome, Mozilla Firefox, Safari in the browser industry. An industry
with very high fixed cost and need to set very high safety standards. However the very fact that
there exist a large number of applications similar to Microsoft Windows has made this market
competitive and Microsoft can no longer be called a monopoly. Its products such as Microsoft
Windows, Office, and Windows Media Player have all under gone changes to be replaced by newer,
faster, stylish and improved versions. Macroeconomics is the study of the whole economy of a region
and deals with unemployment, inflation national income and consumption among others. Until
recently, Microsoft used its dominant position to drive out competition in the OS industry or
industries for related goods. In the wake of international trade, there is immense global competition
in the provision of goods and services. In spite of the fact the way Microsoft achieved its supremacy,
the users decisively prefer to use Windows above the rest of the operating systems which is why the
industry truly shaped a monopoly. As a result, the monopoly has to accept a lower price if it wants to
sell more output. Fig 2 Monopoly profit maximisation Source: Over and above, it can be noted that
there are various factors that cause a monopoly market such as government regulation. In this essay
paper, a closer look at impacts of monopoly in businesses is evaluated. Due to rapid innovations in
industries of where Microsoft sells its products it is very difficult for a big firm like Microsoft to
meet to the ever changing needs of the market with the result being that it is losing its market share.
This difference in elasticities makes the monopolist to be able to sell XB at a. This zero pricing tactic
adopted by Microsoft served no other purpose except to place Netscape at a disadvantage in the
market (Klein). Many economists have continued to argue about the impacts of monopolist toward
the economic development of a country. Scherer goes on to note, however, that the above list begs a
larger number of. Due to lack of substitute products from other existing firms, the control of what to
produce, how to present the product and at how much, has remained a strong decision of the
monopolist. It is relatively easy for a monopolist to also become a monophonic in some cases. Had it
been a monopoly, Microsoft would have continued to sell the same old products at prices it wished
to charge its customers with. Our customer service team will review your report and will be in touch.
?3.00 (no rating) 0 reviews BUY NOW Save for later ?3.00 (no rating) 0 reviews BUY NOW Save
for later Last updated 16 January 2024 Share this Share through email Share through twitter Share
through linkedin Share through facebook Share through pinterest Resourcify 4.01 147 reviews Not
the right resource. Technological Advance, The Linux Information Project, and. All rights reserved10
- 2 A Model of Monopoly Monopoly: One firm in an industry. Additionally the paper also reflects on
the numerous roles of such a business and its negative impacts to the economy. We use cookies to
create the best experience for you. However based on the definition of monopoly Microsoft cannot
be called a monopoly. By contrast, entering a market in which another firm has a natural monopoly is
unattractive. Page 5. Usually, the government permits the company to set rates that will yield a fair
return while the company continues to operate viably. This is important for industries like
telecommunications, aeroplane manufacture and pharmaceuticals.
In the latter half of the nineteenth century trusts became a popular way to form. Furthermore, it is
the hope of this author that the reader will come to a more profound level of understanding with
respect to the fact that monopolies are ultimately harmful and do not represent a net benefit to the
society as a whole (figures 1 and 2 within the appendix of this brief work demonstrate the harm that
a monopoly can have with regards to increased prices paid by the end consumer). Both iOS and
Leopard are Apple’s operating systems and all of Apple’s products require these to run. The promise
of a patent on a drug is sufficient to encourage firms to invest in developing new drugs. Incidentally,
monopolist have ignored such consumer needs and change of behavior due to the increased demand
for goods availed by the monopolist. On the other hand, microeconomics means, “the study of
economic behavior of individual units of an economy such as a person, household, firm and
industry” (Business Dictionary 2012). The other benefit to the monopolist is that the suppliers
demand is exactly the same as the market demand because the monopoly supplier is the only supplier
in the market (Roos, 2008). Tejvan Pettinger studied PPE at LMH, Oxford University. Not only for
the OS, there are many close substitutes for some of its other popular products such as Bing, Office
and MSN. The paper also reflects on the numerous roles of such a business and its negative impacts
on the economy. Thus, the management and employees in a monopoly might not at all be aware.
High barriers to entry: other sellers are unable to enter the market of the monopoly. Monopoly
Monopoly Review 1.Draw a monopoly making a profit. Monopolies are beneficial to the particular
companies since it increases their profits. Monopolies can make supernormal profit, which can be
used to fund high-cost capital investment spending. According to InvestorWords.com (2012),
monopoly is a state in which a particular company is in control of all, or almost all, the market of a
specific product or service. Elo’s result 2023: Return on investment increased to 6 per cent and cost
effi. As a result Microsoft’s position as the market leader in its core operations is threatened. Price
discrimination: in a monopoly the firm can change the price and quantity of the. However, a natural
monopoly occurs if an organisation has got natural advantages such as strategic location, plentiful
mineral resources, and specialised regulatory requirements etc. Internet Explorer has evolved from
Internet Explorer 1 to the latest version Internet Explorer 10, Microsoft Widows has evolved from
MS-DOS to Windows 7 and Microsoft Office was introduced in 1990 has improved greatly in its
current version of Microsoft Office 2011. Through such the company can cut cost on the production
of one unit of their products. Branded gives rise to imperfect competition so long as the supply of a.
Such barriers for instance, may include huge economies of scale and government regulations and
procedures (InvestorWords.com, 2012). Huge economy of scale is a situation where a particular
company has a gigantic capital base that allows it to engage in enormous amount of production,
hence lowering the cost of production. In this situation, the firm with exclusive knowledge. At the
same time, after the emergence of globalization, the business managers in the developing nations
like, China and Brazil had started to experience higher degree of competition in their domestic
business environment. In the wake of international trade, there is immense global competition in the
provision of goods and services. Under normal circumstances, the government put measures to
protect the interests of the consumers in certain cases where the products or services offered are
considered as basic to human life hence the need to regulate them such that they can be affordable to
the majority of people regardless of their levels of income. This difference in elasticities makes the
monopolist to be able to sell XB at a. To distribute electricity to every home in a country, it is most
efficient to have a monopoly provider.
More specifically, monopolies can arise in any of the. At the same time, this has remained an area of
just a few people including the early innovators who have ventured into upbringing of new ideas in
business. In order to ensure that quality is maintained in such kinds of products or services offered,
there is need to regulate the market such that smaller industries that may end up offering substandard
products and services are kept at bay. He claimed that Microsoft’s monopoly was protected by 70000
applications that acted as a barrier to entry and new firms would require many diverse applications
(70000 to be exact) that were compatible just like Microsoft Windows software that came pre-
loaded with many of Microsoft’s other software. It occurs when the seller is able to extract the entire
consumer surplus Page 27. The author concludes that monopoly is not a healthy market condition as
far as the consumers are concerned. Microsoft may be a dominant firm and it may hold a very large
share in the industry. The concept of natural monopoly needs to be identified so that one can
recognise why monopoly market structure takes place. Where no new firms (i.e. rivals) may enter the
industry (i.e. the market) and. Keep on browsing if you are OK with that, or find out how to manage
cookies. It can also mean that there is one major firm with nearly the whole market power and other
small firms have negligible share of the market that they can be ignored. This is 100% legal. You may
not submit downloaded papers as your own, that is cheating. Also you. Similarly, the end users would
benefit with regulated prices that remain constant rather than an uncontrolled prices that keep on
changing for the benefit of the monotonous firm (Besako et al. p.162). Tone at the top: the effects of
gender board diversity on gender wage inequal. The result of this investment was that Internet
Explorer’s quality improved dramatically and by the end of 1997, with the introduction of the new
Internet Explorer 4.0, Microsoft’s browser surpassed Navigator’s quality and people switched over to
Internet Explorer. A natural monopoly describes a firms cost structure whereas a monopoly explains
market share and market power. Through such initiatives, many firms have identified different
business opportunities that promote such an initiative. There is no point in having two electricity
cables running up the same street. This will fuel such companies to realize wealth and profit
maximization. Government interventions in controlling monopolist in the business industry play an
important role in balancing the demand and the supply of goods and services (Williamson p.76). At
the same time, these reduce cases of price discrimination in numerous industries. Lastly, providing a
case study, the paper discusses how government should regulate price setting of monopoly firm in a
given market condition. In a monopoly situation, all market power is concentrated in only one
source. When nation-states began to emerge in the late Renaissance, monopolies proved. It faces
competition from Android OS for tablet computers, Linux, Oracle, Xerox, DEC, Psion, Apple’s OS
which is found in most Apple machines, and iOS, Apple’s OS for iPad and iPhones. Kofi, T.A.
(1989): Basic Economics for West African, Idodo Umeh Publishers Ltd. Monopoly is a market
situation which where, there is only one seller of product. The other characteristics of a monopoly
market face inelastic price elasticity of demand owing to a lack of substitutes and consumers have to
purchase at prices set by the monopoly allowing for abnormal profits (Tragakes, 2011). In such kinds
of industries, the government has power to control them to protect the interests of the consumers.
There is a danger of regulatory capture and the regulator allowing the firm to be too profitable.
Report this Document Download now Save Save Monopoly.pdf For Later 0 ratings 0% found this
document useful (0 votes) 172 views 12 pages Monopoly PDF Uploaded by zofu AI-enhanced title
and description A monopoly is the sole producer of a commodity that has no close substitutes.