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What does a monopolist competition do to maximize its profit?
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit
Is Microsoft monopolist?
hardly, they have great competition with Nintendo and Sony in consoles and they have to compete with Mac in computers
Why a monopolist must lower its quantity relative to a competitive market to maximize its profits?
A monopolist has to lower its quantity relative to the competitive market to maximize profits because the monopolist is already in control of the biggest part of the market. This means that because they're already in control, to keep the market competitive they need to release the same amount of product as their competition.
What power do illegal monopolies use to drive out competition?
Illegal monopolies are those that can be shown to use their power to suppress competition. A monopolist has the power to dominate markets--the ability to set the price by altering supply.
What are the examples of competition?
Golf competition or also sports competition and more........ (summarizaed answer)
Describe characteristics and give examples of prefect competition?
Describe characteristics and give examples of prefect competition
In monopolist competition profits well in excess of costs are unlikely because?
established rivals and new firms would lure customers away with slightly different and/or cheaper products
What are the release dates for The Monopolist - 1915?
The Monopolist - 1915 was released on: USA: 21 August 1915
When a second firm enters a monopolist's market what will the initial demand curve facing the monopolist do?
shift to the left.
What are examples of competition in the coniferous forest?
everythilnskadjkfjas
Effect of a monopolist's price increase?
If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
