Monopolies have a single seller who controls the entire market for a good or service. They have no substitute products and create barriers to entry that prevent new competitors. The monopolist has full control to set any price they wish. While monopolies can drive innovation, their dominance also enables injustice, waste, and exploitation of customers who have no alternatives. Strong regulation or natural market forces are needed to curb the weaknesses of monopolies and protect consumers.
Monopolies have a single seller who controls the entire market for a good or service. They have no substitute products and create barriers to entry that prevent new competitors. The monopolist has full control to set any price they wish. While monopolies can drive innovation, their dominance also enables injustice, waste, and exploitation of customers who have no alternatives. Strong regulation or natural market forces are needed to curb the weaknesses of monopolies and protect consumers.
Monopolies have a single seller who controls the entire market for a good or service. They have no substitute products and create barriers to entry that prevent new competitors. The monopolist has full control to set any price they wish. While monopolies can drive innovation, their dominance also enables injustice, waste, and exploitation of customers who have no alternatives. Strong regulation or natural market forces are needed to curb the weaknesses of monopolies and protect consumers.
Dovan Julio Muhammad Lutfi Syahroni Helida Afriyanto Dieo Permana Putra Market
• is an extension of the ancient idea of a market as a
place where people gather to buy and sell goods. Monopoly Greek language: Monos= one Polein= sell
Is a market where just a people as seller who
have authority The price determinant in this market is “Monopolist” Some characteristic of monopoly: • Just have one seller who have authority in the market • No alternate goods that have similar function • Any obstacle for new company to put in monopoly market • The monopolist make the price as his wishes How monopolist get the market • Pressing the price to the the lowest • Determine the patent on a good • The monopolist have a certain resources • Any regulation was organize by the goverment Monopolies was permitted
• Monopoly by the Law
• Monopoly by Nature • Monopoly by Lisence Monopolies was banned • Trying to be the master of a product • Trying to be the master of supply receipt • Cheating in setting of production cost • Cheating in winning a tender Surplus of monopoly
• A person will more creative and innovative
• No conflict between some companies • Quality of product is save Weakness of monopoly • Have appear injustice because just one people who get the profit • The wasting material by the monopolist • The customer must be approving all of monopolist decision • The exploitation be able in the monopoly Conclution Monopoly is a shape of market where only one seller who have controls for the market, we must be more active in the sector of social media, online shop and real market, so we can know the rise and fall of its price