Economists assume that there are a number of different buyers and sellers in the marketplace. This means that we have a competition in the market, which allows price to change in response to changes in supply and demand. …
Eseja mikroekonomikā (augstskolas līmenis) - When a monopoly is the only reasonable situation in the market? + uzskatāmi grafiki.
Ieskats darbā -
A monopoly implies an exclusive possession of a market by a supplier of a product or a service for which there is no substitute. In this situation the supplier is able to determine the price of the product without fear of competition from other sources or through substitute products. It is generally assumed that a monopolist will choose a price that maximizes profits.
