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Shared or Joint monopoly refers to anticompetitive behaviour by firms, normally an oligopoly, in order to secure monopoly profits for the firms as a group. Essentially, shared monopoly requires some form of collusion but stops short of being a formal cartel. It is therefore similar to tacit collusion. In a shared monopoly firms may not compete for the same customers and have instead local monopolies.
a monopoly
Monopoly
Mono means one So monopoly means one business controls all of a market.
decrease <--------WRONG!!!!! The operating breakeven point will remain unchanged.
Barriers to entry.
Shared or Joint monopoly refers to anticompetitive behaviour by firms, normally an oligopoly, in order to secure monopoly profits for the firms as a group. Essentially, shared monopoly requires some form of collusion but stops short of being a formal cartel. It is therefore similar to tacit collusion. In a shared monopoly firms may not compete for the same customers and have instead local monopolies.
a monopoly
Monopoly
monopoly
Monopoly
Mono means one So monopoly means one business controls all of a market.
decrease <--------WRONG!!!!! The operating breakeven point will remain unchanged.
Monopoly and Oligopoly are two barriers that prevent firms from entering the marketplace.
industry analysis
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
A cartel or monopoly causes business firms to combine to prevent competition.