Characteristics of Monopoly:
1. Single Seller:
There is just one seller; he can either control supply or price of his product. However he can’t control demand for the product, as there are numerous buyers.2. No close Substitutes:
There are no close replacements for the product. The buyers encompass no alternatives or option. Either they have to purchase the product or go lacking it.3. Price:
The monopolist has control over the supply therefore as to raise the price. At times he might adopt price discrimination. He might fix distinct prices for various sets of consumers. A monopolist can fix either the price or quantity of output; however he can’t do both, at similar time.4. No Entry:
There is no autonomy to other producers to enter the market as the monopolist is taking pleasure in monopoly power. There are strong hurdles for new firms to enter. There are technical, legal, economic and natural obstacles that might block the entry of new producers.5. Firm and Industry:
Under monopoly, there is no difference among a firm and an industry. Since there is only one firm, which single firm comprises the whole industry.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Perfect Competition help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Perfect Competition, project ideas and tutorials. We provide email based Perfect Competition help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Perfect Competition. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Perfect Competition. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com criticism of lionel definition assignment help-homework help by online lionel robbins definition tutors
avail affordable managerial economics assignment help service with 24x7 support of phd experts to score notable grades!
The significant objectives of the uniform costing - To help for meaningful and valid cost comparison between the members, To locate and eliminate inefficiencies in the firm by measuring own efficiency in terms of industry generally and in terms of close rivals in particular.
Preparation and function of the Cell tutorial all along with the key concepts of Observing Living Tissue, Preparation of Dead Tissue, Light Microscopy, Electron Microscopy, Examination and Interpretation of sections, Histological Stains and Histochemistry
Interpretation of a Mass Spectrum tutorial all along with the key concepts of Rules employed in the Interpretation of Mass Spectra, Mass Spectrum of Toluene and Examples of Mass Spectra Interpretation
liquefaction of gases tutorial all along with the key concepts of history regarding liquefaction of gases, explanation of liquefaction of gases, uses of liquefied gases, critical temperature and pressure, methods of liquefaction, joule-thomson effect, applications of liquefaction of gases
tutorsglobe.com capitalist economy assignment help-homework help by online economic systems tutors
Dielectrics and Capacitors tutorial all along with the key concepts of Capacitance and Permittivity, Parallel Plate capacitor, Energy of a Charged Capacitor, Energy Density, Combination of Capacitors, Capacitors in Parallel, Capacitors in Series and Types of Capacitor
Theory and lecture notes of Nominal Vs Real Exchange Rates all along with the key concepts of nominal vs real exchange rates, nominal exchange rate, real exchange rates, Domestic exporters, Domestic manufacturers and Computing exchange rates. Tutorsglobe offers homework help, assignment help and tutor’s assistance on nominal vs real exchange rates.
tutorsglobe.com significance of viruses assignment help-homework help by online viruses tutors
tutorsglobe.com microbiology assignment help-homework help by online zoology tutors
tutorsglobe.com cell biology assignment help-homework help by online botany tutors
www.tutorsglobe.com offers Reflection homework help, Geometry Mathematics assignment help, Reflection online tutoring assistance, math solutions by online qualified tutor's help.
seismic reflection tutorial all along with the key concepts of reflection theory, reflection coefficients and acoustic impedances, normal move-out, dix velocity, effect of dip, multiple reflections
Theory and lecture notes of Production Cost in the Long-Run all along with the key concepts of Envelope Curve, LRMC Curve, Returns to Scale and LRAC Curve, Economies of Scope, Economies of Experience. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Production Cost in the Long-Run.
1957729
Questions Asked
3689
Tutors
1455762
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!