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I am not aware of any Monopoly menu on Excel, but there is a Monopoly game available for Excel 2007. You can read about it and download the file (monopoly.xlsm) from the related links.

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A monopoly is where a business is the only business in its product/service/brand market. This would give you an advantage because it not only makes the market less competitive but gives you NO competitors. The general pros are: You have more control over your price. Your research and development (R&D) costs can be lower since there will be no competitors driving you to constantly improve; this also includes you are not pressured by them to constantly meet their changes, so you have more control over the evolution of your product. You get 100% of the market, if people want the product or service they have to buy yours.

This is where the road splits depending on if your product or service is a necessity good or a luxury good. A necessity good is basically a good that people have to have no matter what or cannot live without. A luxury good is an item that is 'extra,' you can live without it, and when the times are tough you do, but when the times are good you buy more of it. If the product or service you are providing is necessity good, then being a monopoly can allow you to basically set any price on your product or service. Your product will be bough generally at an even rate through the good and bad times.


If your your product is a luxury good then you will have more pressure from the market to make product/service improvements, price improvements (up or down depending on the economy, branding, etc). Your sales will be influenced by both the economy and the wealth of your customers (as people's income increases they will buy more and more of the product). If times are good and you have a luxury product or service that is monopolized and wanted you are good but if times are bad you are in trouble.

In the end, even if you have a monopoly your product/service has to be wanted. I could have a business monopoly on picking other people's noses but since that is a unneeded and unwanted (hopefully someone else picking your nose is undesired), you will not make money or have a successful business.

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they are the major operating system in all computers world wide, coming in most languages, formats, companies etc...... they also closed down the market for apple in the beginning, but they came back up. They also used the browser internet explorer to stop the cost of buying one like Netscape and others. they pretty much took control of the computer market altogether.

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Easiest example:

Electricity

Water

Gas

A bit more complicated one:

Microsoft (having large percentage, not all of the market)

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strategy and bargaining and business

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There are a couple of ways that turned into a virtual monopoly in certain cases:

The economic and political influence the league had often meant that they could control trade routes and block competition. Also due to scale advantages, they could offer better protection to their traders.

Finally the influence and scale advantages gave the league a negotiation advantage when it came to making exclusive deals with trading partners and gain tax exceptions from leaders.

It effectively became very difficult for unassociated traders to compete, and in some cases even trade at all, in the area where the Hanseatic League held control.

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A monopoly is the exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices, while an oligopoly is a situation in which a particular market is controlled by a small group of firms.

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For extreme (immoderate), the opposite would be moderate, limited, or mild.

For extreme (extraordinary), the opposite would be average, ordinary, or tame.

For extreme (severe), the opposite would be mild, slight, or minimal.

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This is a rather common question within the Market Structure topic in Economics. In Market Structure, the Perfect Competition (PC) and the monopoly are considered extreme market structures, while other market structures also exist, like the oligolpoly and the monopolistic competition(MC). Before understanding the differences of these 2 market structure. It's important to realize that the PC market structure consists of many firms or sellers in an area or industry. The monopoly on the other hand, consists of a single seller. A good example, would be someone selling things on an island. The differences between the PC and the monopoly market structure are (1) Ease of entry and exit for firms (2) Type of product sold (3) Type of firm (4) Profit in short run and long run. First of all, is (1) ease of entry and exit for firms. For the PC market structure, new firms can easily enter the market structure, as there are no barriers of entry. This means that new firms who knows that there is a profit to be made in some area, location or industry can easily set up a new shop there. For the monopoly, there is substantial or high barriers of entry preventing new firms from entering the market structure. These barriers of entry are created by existing or dominant firms in a monopoly to prevent new firms or competitiors to enter the market structure. The second difference is (2) the type of product sold. For a PC market structure, the product sold is similar. This means that what one seller is selling, is what another seller is selling. Hence products in the PC market structure are perfect substitutes. We also assume that in PC market structure, the consumers have perfect knowledge of the product. This means that the consumers are aware of the price sold in another shop. For the monopoly, the product sold are not perfect substitutes, and can be rather unique. The third difference is the (3) type of firm. Since the PC market structure faces the above 2 characteristics, this means that the firm in this market structure are powerless to influence the price. This means they have no control to increase the price of the product. This is because if they increase the price of the product, and there are perfect competition, firms who increase the price, will lose out to other firms. Hence firms in PC market structure are considered to be Price Takers. Firms in monopoly market structure on the other hand, are Price Makers. This means that they can influence the price of their product sold to consumers. The monopoly is able to do that, as the monopolist is the single seller in a market. The last difference is the (4) existence of profit. For the PC firm, there is a possibility to earn abnormal profit in the short run, but not possible in the long run. This is because, in a PC market structure, when existing firms earn profit, new firms will enter the market structure, shrinking the profit. For the monopoly, there is a possibility to earn abnormal profit in short run and long run, as there is the existence of barriers of entry to prevent new firms to enter the market. Hope this helps. ( although I may have listed the differences here, they are not the only ones, there are others as well, but the rest can be complicated and might need the use of graphs ). (cheong@bgymail.gd.cn)

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Red

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I would say no, the medieval Church did not get its power from a monopoly on education. There are two reasons for this.

First, the Church did not have a monopoly on education. The Byzantines opened a system for primary education in 425 AD and maintained it until the fall of Constantinople in 1453. They had a policy of having military personnel be at least literate. And even in the West, there was no clear monopoly. The oldest state run school in England, the Beverley Grammar School, was opened in 700. Indeed, Alfred the Great had a policy of seeing to it that those freemen in his kingdom who could learn be given a primary education in English, which is clearly not the language of the Church. And the Church certainly did not teach the Vikings how to read and write in Runes or the Muslims how to read and write in Arabic script. (See reference links below.)

Second, the Church did have two monopolies that were far more powerful. Over all people, it had a monopoly on salvation, without which the person would roast in hell, suffering all eternity, and a lot of people honestly believed this. It also had a monopoly on oaths of allegiance, in the sense that it could relieve anyone of any such oath. When a king was excommunicated, it was usual for the pope to excuse all people who had made oaths of allegiance to that king from that oath. His supporters could be excommunicated for continuing their support, or they could be rewarded for discontinuing it. Kings of other countries were excused from their treaties, and instead given license to invade and profit from their labors.

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A perfect competitive market and pure monopoly market both have to follow the "law of demand".

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The CEO of the telephone company claimed that they were a natural monopoly.

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It is so, because they sell "Monopoly" the board game.

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Let the demand facing a firm for its product be expressed by the following functions Q=25-0.5P Where Q=quantity and P=price, and cost function as C=25-2Q+4Q2 Compute a) Profit maximizing output, b) Justify profit maximizing output

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One company controls a whole industry.

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He controlled the steel corporation called Carnegie Steel Corporation. He started by working as an assistant to one of the railroad's top officials and about 3 years later he was promoted to superintendent of the company.

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For one, their may be somewhat close substitutes. Microsoft may still advertise because there is the threat of Mac OS, Unix, etc. Major League Baseball faces threats from other sports and non-pro ball.

Monopolists still need to inform their customers of new products or services, as well as maintain their brand image.

whaty

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keeping potential rivals out of the market.

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A "monopoly" means that there is only one firm in the entire industry. Therefore, there is no competition because there are less than two parties involved.

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Note: 'Excessive' is not an objective term to use for economics analysis.

Monopoly profits usually represent a form of price mark-up, setting MC = MR and then vertically matching the maximum willingness-to-pay for that unit and all units before it on the demand curve. This is socially inefficient but privately optimal.

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Possibly, but that would have been a common business practice.