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monopolistic firm

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  • Monopolistic competition in international trade — Monopolistic competition models are used under the rubric of imperfect competition in International Economics. This model is a derivative of the monopolistic competition model that is part of basic economics. Here it is tailored to international… …   Wikipedia

  • Monopolistic competition — Short run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm s marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the… …   Wikipedia

  • Monopolistic Market — A type of market that features one, if not all, of the traits of a monopoly such as high price levels, supply constraints, or excessive barriers to entry. Because this type of market would be comprised of one supplying firm, consumers would have… …   Investment dictionary

  • Monopolistic advantage theory — The monopolistic advantage theory is an approach in international business which explains why firms can compete in foreign settings against indigenous competitors.[1] Development It is frequently associated with the seminal contribution of… …   Wikipedia

  • Chamberlinian monopolistic competition — In Chamberlinian monopolistic competition each firm has some monopoly power, but entry drives monopoly profits to zero. The concept gets its name from Edward Chamberlin. Categories: Monopoly (economics)Economics and finance stubs …   Wikipedia

  • Markup rule — The Markup rule is used in economics to explain firm pricing decisions. It states that the price a firm with market power will charge is equal to a markup over the firm s marginal cost, equal to one over one minus the inverse of the price… …   Wikipedia

  • The theory of a second-best solution — concerns the events that happen when a condition for an optimal outcome isn t met. In that case a second best solution should be sought. But the second best solution isn t always the one where every other condition is met except the one missing… …   Wikipedia

  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • monopoly and competition — ▪ economics Introduction       basic factors in the structure of economic markets.In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a… …   Universalium

  • Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

  • colonialism, Western — ▪ politics Introduction       a political economic phenomenon whereby various European nations explored, conquered, settled, and exploited large areas of the world.       The age of modern colonialism began about 1500, following the European… …   Universalium

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