Monopoly: Difference between revisions

Line 7:

~~===~~Types of monopolies~~===~~

;Types of monopolies

;Pure monopoly

*Pure monopoly: One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market.

:One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market.

*Natural monopoly: One company can deliver a product or service more effectively than several companies could.

;Natural monopoly

*Public monopoly: Government-controlled organizations that provide necessary services, such as water and electricity.

:One company can deliver a product or service more effectively than several companies could.

*Monopoly by merger: Gaining market control from acquisitions and mergers.

;Public monopoly

*Technological monopoly: Exclusive patent rights on a product or process preventing competition.

:Government-controlled organizations that provide necessary services, such as water and electricity.

*Geographic monopoly: A single company dominates a specific geographic area.

;Monopoly by merger

*Government monopoly: State controlled companies.

:Gaining market control from acquisitions and mergers.

*Monopolistic competition: This market structure includes many sellers who offer different products and have some level of market influence.

;Technological monopoly

:Exclusive patent rights on a product or process preventing competition.

;Geographic monopoly

:A single company dominates a specific geographic area.

;Government monopoly

:State controlled companies.

;Monopolistic competition

:This market structure includes many sellers who offer different products and have some level of market influence.

===Characteristics of a monopoly===

@@ Line 7: / Line 7: @@
 {{Placeholder box|How the practice works.}}
-===Types of monopolies===
+;Types of monopolies
+;Pure monopoly
-*Pure monopoly: One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market.
+:One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market.
-*Natural monopoly: One company can deliver a product or service more effectively than several companies could.
+;Natural monopoly
-*Public monopoly: Government-controlled organizations that provide necessary services, such as water and electricity.
+:One company can deliver a product or service more effectively than several companies could.
-*Monopoly by merger: Gaining market control from acquisitions and mergers.
+;Public monopoly
-*Technological monopoly: Exclusive patent rights on a product or process preventing competition.
+:Government-controlled organizations that provide necessary services, such as water and electricity.
-*Geographic monopoly: A single company dominates a specific geographic area.
+;Monopoly by merger
-*Government monopoly: State controlled companies.
+:Gaining market control from acquisitions and mergers.
-*Monopolistic competition: This market structure includes many sellers who offer different products and have some level of market influence.
+;Technological monopoly
+:Exclusive patent rights on a product or process preventing competition.
+;Geographic monopoly
+:A single company dominates a specific geographic area.
+;Government monopoly
+:State controlled companies.
+;Monopolistic competition
+:This market structure includes many sellers who offer different products and have some level of market influence.
 ===Characteristics of a monopoly===