Economics of Monopolies in Industry and Markets
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Some organizations have an advantage of being alone in their industry/market. What might that organization do to maintain that situation?
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This answer provides you an excellent discussion on economics of monopolies.
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Economics
Some organizations have an advantage of being alone in their industry/market. What might that organization do to maintain that situation?
When an organization is alone in its market/industry, the organization is a monopoly. Such a firm may take several steps to maintain its position as a monopolist. First, if it has an advantage in technology such a company should invest more in R&D so that it remains technologically far advanced than other ...
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- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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