Since there is no competition in a monopolistic market, a monopolist can control the price and the quantity demanded. The level of output that maximizes a monopoly's profit is calculated by equating its marginal cost to its marginal revenue.1 Key Takeaways A monopolistic market is where one fi...
How are monopolies and monopolistically competitive firms profitable? Explain how managers can manage one-on-one communication effectively? How would you describe the supply chain of the Banking industry? How do businesses do strategic and tactical planning?
A monopoly exists when a company has little to no competition and can therefore set its own terms and prices, allowing it to become highly profitable. While monopolies are both frowned upon and legally suspect, there are several routes that a company can take to monopolize its industry or sect...
Monopolistic competition is a kind of competition in which a large number of firms compete by differentiating their products. Advertising and promotional strategies are common in monopolistically competitive markets.Answer and Explanation: In both the short run and the long run, monopolis...
How does a short run profitable monopolistic competitive firm move into long-run equilibrium dropping its profit to zero? Explain and illustrate on a diagram. Assuming that firms in the short run are earning above-normal profits, what will happen to these prof...
“As a corporate company, A.P Moller-Maersk has a solid financial background. With the size of our container business, our profitable oil activities, the supermarkets,etc., we are highly solvent. Our diversification and size allow us to make investments and self-finance a number of ...
(CIS). These region dummies are added to reflect the potential cross-region differences in our study. For industry dummies, we employed the OECD Industrial Classification code to reflect the potential effects of unobserved dissimilarities in competition or capital intensity related to differences in ...
making sure that all of the studio films reached the public, and anyone else’s product was shut out. Even independent movie theaters had to cope with a studio practice known as “block booking,” in which theaters that wanted to book a profitable studio blockbuster were required to al...
monopolistic power. The ranks of the working class, of the expropriated, of the propertyless, of those at the mercy of capital, continue to grow in number. More and more are dominated by fewer and fewer. Where the lives of millions were once in the hands of thousands, the lives of ten...
What are the differences between Socialism and Capitalism with regard to the ability of firms use profit or surplus to expand their firm? Why is competition (CanGo) an important element of the free-market system? How are monopolies and monopolistically competitive firms profita...