ECONOMY PRESENTATION

MONOPOLY

THE LAW

Untitled Slide

• High barrier of entry
• Single seller - large number of buyers
• No close subtitute product

HEAR BOTH SIDES OF THE STORY

ADVANTAGES

• The right to set high price
• High budget for R&D
• Market control

DISADVANTAGES

• Poor level of service and quality
• Lack of bargaining power for the costumer
• Higher complain due to product stagnation
• Pricing inflexibility
• Stifle innnovation due to commercial research focus

TYPE OF MONOPOLY

EXAMPLE

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