monopoly

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Monopolies are often referred to as? Price makers
Monopolies derive their market powers from? Monopolies derive their powers from patent rights, Control of productive resources, Economies of scale and Government franchise
Why does natural monopolies exist? Natural monopolies exist because a single firm is able to satisfy market demand at lower per unit cost than several firms
what is the Lerner index used for? It is used to ascertain the pricing power of potential monopolistic powers. The greater the value, the greater the power
What is the Herfindahl Index? The Herfindahl Index is the sum of the squares of the market shares of firms in a particular market or industry
What is the Herfindahl Index used for? It is used to measure the concentrated power of power generated by shares of the market
What are the effects of Unregulated monoplies? Unregulated monopolies can lead to higher than competitive prices, lower than competitive output, rent seeking, and mis-allocation of resources, inefficiency and dead weight loss
How do monopolies maximize profits? Monopolies maximize profits at the optimal level of output by controlling the supply of the product
what is the difference between perfect competition and monopolistic competition? Firms in a monopolistic competition face a downward sloping demand curve

Monopolies are often referred to as?

Monopolies derive their market powers from?

Why does natural monopolies exist?

what is the Lerner index used for?

What is the Herfindahl Index?

What is the Herfindahl Index used for?

What are the effects of Unregulated monoplies?

How do monopolies maximize profits?

what is the difference between perfect competition and monopolistic competition?

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