Monopoly (Business)

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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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Eskom is a Monopoly because is the only Electricity Ernergy supplier in the country .It does not compete when it comes to supply of it thereof.It was like Telkom prior 1994 when Cell phones were absent.

Because the monopolist's supply decision cannot be set out independently of demand.

since supply curve tells us the quantity that a firm chooses to supply at any given price and on the other hand, a monopoly firm is a price maker; the firrm sets the price and at the same time it chooses the quantity to supply. The market demand curve tells us how much the monopolist will supply.

The company can then profit from their research without competition.

cartels, monopolies, trust, and horizontal and vertical integration all share the goal of

A duopoly is a market structure in which two companies dominate the market for a particular product or service. In Pakistan, there are several examples of duopolies in various industries. Here are a few examples:

Telecommunications: Pakistan has two major telecommunications companies: Pakistan Telecommunication Company Limited (PTCL) and Mobilink. These two companies dominate the telecommunications market in Pakistan and have a significant market share.

Banking: The banking industry in Pakistan is dominated by two major banks: Habib Bank Limited (HBL) and United Bank Limited (UBL). These two banks have a significant presence in the Pakistani banking market and have a large share of the market.

Cement: The cement industry in Pakistan is dominated by two major companies: Lucky Cement and DG Khan Cement. These two companies have a significant share of the cement market in Pakistan and are major players in the industry.

Overall, duopolies are common in Pakistan, with two companies dominating many different industries.

Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry

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The answer to this question is "a monopsony". This is where one buyer faces many sellers.

the oil industry

The early Nineteenth Century was a time of Westward expansion and Westward development. Thousands of prospectors and hopeful American businessmen flocked to the frontier with the intent of making their fortunes in this previously untouched area. It was not until the development of the railroads, however, that Westward expansion reached its furious pace. Once this new form of transportation was in place, it was no longer necessary for every settlement to be self-sufficient: It could simply "import" whatever it needed via the rail. This interconnectedness was extremely attractive to businessmen, who saw the opportunity to increase their wealth by exploiting the untapped resources of the West. The developing railroads rapidly became huge businesses, imperative to the success of American enterprise. The material needs of the railroads helped create several other big industries, such as iron, steel, copper, glass, machine tools, and oil. Soon, Wall Street had to be reorganized into a national money market, capable of handling the enormous capital that was needed to build and operate the railroads. The result was a revolution in the organization and scale of enterprise: "Big business reached greater markets than were ever conceived of before and could benefit from the ability to raise vast amounts of capital that made possible the cost economies of large-scale production" (Chalmers). The need for all of these industries to stay successful was worrisome for railroad owners. To avoid the loss of production in any of these areas, large corporations attempted to stabilize their situations by pooling markets and centralizing management. By combining all of the fields into one conglomeration, the railroads had a new power, as they acquired control of many facets of the new economy. This body now had the ability to "squeeze out competitors, force down prices paid for labor and raw materials, charge customers moreÉ and get special favors and treatments from National and State government" (Chalmers). The railroads had all the power, because they controlled all the prices. Since the new residents of the West could not survive without the use of the railroads, they were forced to pay whatever rates the raildroad companies set. Malik Davis yo http://cse.stanford.edu/classes/cs201/Projects/corporate-monopolies/development_rrmon.html

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