You are on page 1of 10

Market and

Monopolies

Name of the Group:


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

You might also like