Features of Monopoly

Features of Monopoly - producers. Monopoly is a case where...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Features of Monopoly: Monopoly is another traditional form of market. It is an extreme form, opposed to a competitive market structure. As against this, a competitive market is one with a large number of firms or
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: producers. Monopoly is a case where there is only a single seller in the market. This, however, is a theoretical concept. In reality, a market with a few producers assumes the form of a monopoly....
View Full Document

This note was uploaded on 11/26/2011 for the course ECONOMIC ec 201 taught by Professor - during the Fall '10 term at Montgomery.

Ask a homework question - tutors are online