answersLogoWhite

0

this all depends. if you sell tatti in the monopoly structure then depends if tatti will produce more units in the economic market. there are different types of tattis in the world when concerning monopoly. Colors of tatti black brown white yellow blue. Try it out you can also eat tatti and then offer it to others to see how the monopoly would profit your structure

User Avatar

Wiki User

17y ago

What else can I help you with?

Continue Learning about Economics

Case study on monopoly market structure?

A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.


Is Coach a monopoly?

No, Coach is not a monopoly. It operates in the competitive luxury fashion market alongside numerous other brands, such as Michael Kors, Kate Spade, and Gucci, which offer similar products. A monopoly exists when a single company dominates a market with little to no competition, which is not the case for Coach. The presence of various competitors ensures that consumers have choices and that prices are influenced by market dynamics.


Is macy's a monopoly?

No, Macy's is not considered a monopoly. It operates as a department store within a competitive retail market, facing significant competition from other retailers, both brick-and-mortar and online, such as Walmart, Target, and Amazon. A monopoly exists when a single company dominates a market with little to no competition, which is not the case for Macy's. Instead, it is one of many players in the retail sector.


What company operating under condition of monopoly and oligopoly?

There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.


What is the difference between monopoly and monopolistic competition in the context of diamond market?

Monopoly means a market situation in which there is only a single seller and large no. of buyers. whereas monopolistic competition is a market situation in which there is large no. of sellers and large number of buyers. In monopolistic competition, close substitutes are there in the sense that products are different in terms of size, color, packaging, brand, price, etc. as in the case of soap, toothpaste, etc. In monopoly, there is no close substitute of the good, if any, it will be a remote substitute. In monopolistic competition, there is aggressive advertising but in monopoly, there is no advertising at all or a very little. In monopolistic competition, demand curve faced by the firm is more elastic because of availability of close substitutes. It means if a firm raises its price, it will lose its large market share as customers in large will shift to close substitutes present in the market. In monopoly, the demand curve faced by the firm is less elastic because of no close substitutes. It means if the firm raises its price, demand will not fall in a large quantity as it is only one in the market.

Related Questions

Case study on monopoly market structure?

A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.


Is Coach a monopoly?

No, Coach is not a monopoly. It operates in the competitive luxury fashion market alongside numerous other brands, such as Michael Kors, Kate Spade, and Gucci, which offer similar products. A monopoly exists when a single company dominates a market with little to no competition, which is not the case for Coach. The presence of various competitors ensures that consumers have choices and that prices are influenced by market dynamics.


Study the specialty coffee retail market in the USanalyze wheather the market is saturatedexamine the stategies that an established player can adopt in mature market?

it is from case study Starbucks back to basics


Is macy's a monopoly?

No, Macy's is not considered a monopoly. It operates as a department store within a competitive retail market, facing significant competition from other retailers, both brick-and-mortar and online, such as Walmart, Target, and Amazon. A monopoly exists when a single company dominates a market with little to no competition, which is not the case for Macy's. Instead, it is one of many players in the retail sector.


Is an automobile industry is am example of monopoly?

The automobile industry is not typically considered a monopoly, as it consists of multiple manufacturers competing for market share, such as Ford, Toyota, and Volkswagen. However, certain segments, like luxury or electric vehicles, may have dominant players that exhibit monopolistic tendencies. A true monopoly occurs when a single company controls the entire market for a product or service, which is not the case in the overall automobile industry.


What company operating under condition of monopoly and oligopoly?

There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.


What do monopolies tend to result in?

in most cases monopolies tend to result in higher prices and lower quantities of supply in the market, thereby destroying a little of what is known as consumer surplus. however in one case, the case of a natural monopoly, the presence of a monopoly leads to lower prices and higher quantity supplied because of the immense fixed cost required for the industry (examples are electricity).


What is the difference between monopoly and monopolistic competition in the context of diamond market?

Monopoly means a market situation in which there is only a single seller and large no. of buyers. whereas monopolistic competition is a market situation in which there is large no. of sellers and large number of buyers. In monopolistic competition, close substitutes are there in the sense that products are different in terms of size, color, packaging, brand, price, etc. as in the case of soap, toothpaste, etc. In monopoly, there is no close substitute of the good, if any, it will be a remote substitute. In monopolistic competition, there is aggressive advertising but in monopoly, there is no advertising at all or a very little. In monopolistic competition, demand curve faced by the firm is more elastic because of availability of close substitutes. It means if a firm raises its price, it will lose its large market share as customers in large will shift to close substitutes present in the market. In monopoly, the demand curve faced by the firm is less elastic because of no close substitutes. It means if the firm raises its price, demand will not fall in a large quantity as it is only one in the market.


What is the difference between feasibility study and case study?

Feasibility study assesses the practicality and potential success of a project or business idea, focusing on factors like market demand, financial resources, and technical requirements. Case study examines a specific situation, event, or individual to analyze and understand the underlying causes, effects, and lessons learned from it.


What is a Pure Monopoly Market?

Consisting of one seller for an entire product existing in a competitive arena where one company has control over the entire market for a product. One such monopoly for example would be the United States Postal Service (a government regulated monopoly existing in the private sector). Even in a monopoly such as the U.S. Postal Service, specialized parcel shipping companies have found their way into this monopolized market to where they can sustain a profit and effectively compete. This is a factor inherent in all markets. However, considering the effects of monopolistic competition, a market with complete control is still existant within the U.S. Postal Service. They are the ultimate processor of standard letter mail in the United States of America. Although, other companies have entered the market, they have yet to take control of this specialized sector of the segment allowing certain companies of a puremonopoly status to exist in perceived market competition. Although some companies act as if they were puremonopoly, it is imperitive to understand that a puremonopoly market is the most rare of monopolies. Even if a monopoly seems to exist in puremonopoly, that may not be the case.


What is a monopoly market?

Consisting of one seller for an entire product existing in a competitive arena where one company has control over the entire market for a product. One such monopoly for example would be the United States Postal Service (a government regulated monopoly existing in the private sector). Even in a monopoly such as the U.S. Postal Service, specialized parcel shipping companies have found their way into this monopolized market to where they can sustain a profit and effectively compete. This is a factor inherent in all markets. However, considering the effects of monopolistic competition, a market with complete control is still existant within the U.S. Postal Service. They are the ultimate processor of standard letter mail in the United States of America. Although, other companies have entered the market, they have yet to take control of this specialized sector of the segment allowing certain companies of a puremonopoly status to exist in perceived market competition. Although some companies act as if they were puremonopoly, it is imperitive to understand that a puremonopoly market is the most rare of monopolies. Even if a monopoly seems to exist in puremonopoly, that may not be the case.


What is the case of study?

Ask Liam Stevens. what is a case study