Monopoly Market Structure

Give the Brief Introduction of monopoly market structure.

Monopoly market is something which is directly linked with the oligopoly market in the industry. In the monopoly market the market structure is characterized by a single seller who is known for selling various types and kinds of unique products with the restriction for the new firm entering into the market. Simply the monopoly market is a form of market where there is a single seller who sells various kinds  of goods commodities in the market. Under the monopoly market the full control of the goods and the services are focused with the single product. The elasticity of the demand is zero for the products. There is a single seller oar single producer who is known for producing a single product and there is no major difference between the firm and the industry. There the firm is itself and industry. The firm is known to influence the price of the products and hence they are known to be the price makers as well as the price takers of the product and the services offered by them to the specific customers.

When did the monopoly market structure has been started and whom?

A monopoly firm is only formed when there were barriers in entering to the market because of some external factors such as the government granted organization did not permit. The control of the key resource or the economies of the sale over the entire range of output. It still exists in the market because in the monopoly market the sole seller is the market itself who acts as a single person. The ownership of the market always acts as barrier to the market in different forms such as the varying reasons. The ownerships of a key resource is the value of the company where there is a control of over the resources which is used by the market. These resources are necessary in the production of specific product that will be sold by the market. Therefore the existence of these types of market is necessary in the market. The market thus becomes a fully autonomous market.

What is the uses of these monopoly market structure?

The main use of the monopoly market is that the market or the industry will be making profit maximization and minimize the expenses which it used to make in the previous market. The price makers are the only person who will be dealing with the price of the product which will be sold in the market. The product which will be manufactured by the company or the industry in the market will be a high quality product that will be able to meet the demand of the products and desertedness of the firm. The other sellers in the market will be thus anable to enter into the market just because of monopoly culture. The single seller of the good who produces all the output will be the king in the market. In terms of privce discrimination the monopolist can change the price of the product as per their needs and as per the quality of the product produced. He or she will be selling other qualities of products at a lower price in a very elastic market.

What is the Criticism of monopoly market structure?

Most of the criticism of the monopoly market is due to the involvement of the single market in the whole industry. Only that person will be the producer and seller as well as the price maker and price taker. For this reason most of the industries are shifting from the monopoly bmarket to the other forms of market.

What is the related topic and concept of monopoly market structure?

An oligopoly market is a form of market wherein a market or the industry is dominated by a smaller  number of sellers or few of the large number of sellers. Oligopoly market is known to reduce the competitor from the manufacturers of various kinds of market which are available in the subsidies of the real market. The oligopoly market is mainly formed due to various kinds of collision which is known reduce the competition from the other types of market. It also therefore increases the price of the products to the customers. The oligopoly market is known to have a different market structure which consists of various types of small and big market structures. The large corporations used to develop and restraint the idea of the opinion. The companies rose to the other part of the oligopoly economics where the they were assured of having more than the knowledge of having the prominent industrialist in the market.. It is very true that the term in the economics came up very abruptly and very quickly. It also came up with the creased development in the early subtitles of the interest in the subject.