We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Monopoly - Research Paper Example

Comments (0)
Monopoly [ your name ] [ ] [ / number ] [ ] Introduction In economics the term “monopoly” indicates a market structure where one business dominates the market due to the absence of competition. In addition to this classical definition, the modern use of the term “monopoly” also indicates market structures where market entry is highly discouraged…
Download full paper
Monopoly Research Paper
Read TextPreview

Extract of sample

Download file to see previous pages... This paper will explore the various barriers to entry in a monopolistic market structure. Discussion The primary method of discouraging businesses to operate in a monopolistic market is to create deliberate entry barriers in the form of trade barriers. Market regulators may decide to discourage new business entry by placing restrictions on licenses, tariffs, currency movement and by providing existing businesses with subsidies. Typically, trade barriers are taken into consideration in terms of international trade only (Hans, Dahringer, & Leihs, 1999). Governments are known to create entry restrictions through licensing restrictions whereby new businesses are not issued licenses to operate inside the market. For example, the defense industry in the United States is highly protected by the government, as foreign operatives are not issued licenses to operate in the same market. In addition to these licensing restrictions, governments may choose to restrict import and export licenses in order to keep a monopolistic market intact. Legal entry barriers are analogous to trade barriers. Governments employ various forms of laws to ensure that new businesses are unable to enter the target market. ...
or example, a number of Islamic countries discourage the production of alcoholic products in their borders by complicating the launch of new alcohol manufacturing businesses (Blinder, Baumol, & Gale, 2001). In addition to legal and trade barriers, another entry barrier employs technological and copyright methods. The presence of copyrights and trademarks related to certain products means that new businesses cannot enter business segments protected in this fashion. Typically, copyrights and trademarks are employed to protect businesses that are unique in terms of content such as music, books, films etc. However, copyrights and trademarks are also employed to protect other businesses where new entrants could emerge such as pharmaceuticals. If a pharmaceutical company owns a certain patent for medicine, then only that business can produce the subject medicine. Other businesses may also acquire the formula but cannot produce due to copyright and patent restrictions. Monopolies emerge in markets where resources are scarce and controlled by one or a select few businesses. Perhaps, the most telling example of such monopolies is the production of oil and gas in the Central Asian region. Oil and gas resources are scarce around the world and businesses are trying to shift to newer sources of oil and gas present in Central Asia. However, these resources are controlled by the local governments and existing businesses that do not allow new businesses to enter the market. The control of these scarce resources by a few select businesses means that the emerging market structure is a monopoly (Hirschey, 2000). In a similar manner, large sunk costs discourage new businesses from entering the market. Sunk costs represent investments that cannot be recovered in case the business has to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Analytical Research Paper: Monopoly and the Society
The discipline economics also studies the transfer of wealth or economic possessions between regions, people and organizations. There are two main branches of economics which are microeconomics and macroeconomics.
4 Pages(1000 words)Essay
In a market setting, monopolies a thus characterized by a lack of economic competition (McKenzie& Lee, 2008). This is when, in a company’s production of goods and services, they face little if any viable substitute goods. A monopoly is a single seller in an economic setting whereby the company rises to gain monopoly with accruing the power to exclude competitors or raise prices of their commodities hence the term monopolize (Lele, 2007).
8 Pages(2000 words)Term Paper
Economics for Business Research Paper
Currently, Oqo has gained popularity and wide acceptance in the market where it operates by its commitment in product innovation which highlights the importance of offering new features within its line. Since its establishment, the main goal of Oqo has always been to "transform personal computing in the same way that mobile phones revolutionized telecommunications" (About Us 2007).
6 Pages(1500 words)Research Paper
Research paper about Gasoline crises
Oil is also required for the production of electric power which is the most important component of every industry. The available oil resources are exhausting day by day and the exploration for new oil sources has not yielded much successes. Global economy is directly
7 Pages(1750 words)Research Paper
Research paper
The research is done via a primary as well as secondary research to arrive at definitive findings and conclusions so as to suggest practical recommendations to address the issue. The
10 Pages(2500 words)Research Paper
Statistically, two of every three Americans are associated with overweight; this number translates to 67% of the American residents. On the other hand, it is estimated that 36% of Americans suffer
9 Pages(2250 words)Research Paper
Research paper
In this regard, most societies hold the opinion that individuals who grow up with autonomy-thwarting parents have lower chances of exploring their sexual values and identities and therefore disregard social aspects that
2 Pages(500 words)Research Paper
History research paper
The history of freedom struggle and independence within Indian context is interconnected with Gandhi’s charismatic leadership and willpower. The film named as Gandhi, portrays Gandhi’s influence on freedom struggle and independence in India. Thesis statement: The
6 Pages(1500 words)Research Paper
Research Paper
According to Wikipedia (Toyota, n.d.), the company was founded in 1933 with the division of Toyoda Automatic Loom Works that was devoted to the production of automobiles. However, in 1937 it already performed its activities as an independent company. Since its
5 Pages(1250 words)Research Paper
Monopoly market
Due to increased economic growth globally, many firms have taken the opportunities in the global markets to sell their goods and services. Through numerous improved global infrastructures, firms have an opportunity to produce more goods and services as well as
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Monopoly Research Paper for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us