Monopolistic Market Trading Concepts (Total size: 350.0 MB Contains: 13 folders 56 files)
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A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. In a purely monopolistic model, the monopoly firm can restrict output, raise prices, and enjoy super-normal profits in the long run.
A pure monopoly rarely occurs, but there are instances where companies own a large portion of the market share, and ant-trust laws apply.
Altria, the tobacco manufacturer, has monopolistic-type control over the tobacco market.
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Monopolistic Market Trading Concepts (Total size: 350.0 MB Contains: 13 folders 56 files)
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