Академический Документы
Профессиональный Документы
Культура Документы
I.) Demand
II.) Supply
A) Characteristics of a Monopoly
1) Only One Seller 1) What is OPEC? How does it affect our economy?
2) A Restricted or Regulated Market 2) What is a patent and how does it affect
3) Control of Prices competition in a market?
B) Types of Monopolies
1) Natural Monopoly: Ex: A Water Company
2) Government Monopoly: Ex: The Postal Service
3) Technological Monopoly: Ex: Polaroid
4) Geographic Monopoly: Ex: Professional Sports
C) Profit Maximization by Monopolies
A) Promoting Competition
Ex: Antitrust Legislation
B) Ensuring a Level Playing Field
Prohibiting Unfair Business Practices: Price Fixing, Market Allocation, Predatory Pricing
C) Protecting Consumers
Consumer Protection Agencies
D) Deregulating Industry