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pure monopoly price

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  • 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

  • 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 — monopoloid, adj. /meuh nop euh lee/, n., pl. monopolies. 1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Cf. duopoly, oligopoly. 2. an exclusive privilege to… …   Universalium

  • price system — ▪ economics Introduction       a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …   Universalium

  • Moral Aspects of Monopoly —     Moral Aspects of Monopoly     † Catholic Encyclopedia ► Moral Aspects of Monopoly     According to its etymology, monopoly (monopolia) signifies exclusive sale, or exclusive privilege of selling. Present usage, however, extends the term to… …   Catholic encyclopedia

  • Natural monopoly — A monopoly describes a situation where all (or most) sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost technology of an industry whereby it is most efficient (involving the lowest long… …   Wikipedia

  • Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …   Wikipedia

  • economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… …   Universalium

  • Stackelberg competition — The Stackelberg leadership model is a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially. It is named after the German economist Heinrich Freiherr von Stackelberg who published Market… …   Wikipedia

  • Market structure — Economics …   Wikipedia

  • Bertrand paradox (economics) — For other paradoxes by Joseph Bertrand, see Bertrand s paradoxIn economics and commerce, the Bertrand paradox ndash; named after its creator, Joseph Bertrand ndash;describes a situation in which two players (firms) reach a state of Nash… …   Wikipedia

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