Why is disney allowed to be a monopoly?
What are 3 threats to a monopoly?
The disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
2024-02-20 08:48:02
Was disney a monopoly?
A monopoly by definition, is the exclusive possession or control of the supply of a service. According to the letter of the law, Disney is an oligopoly, a state of limited competition in which a market is shared by a small number of producers or sellers.
2024-02-08 16:37:21
What makes a monopoly efficient?
Firms benefit from monopoly power because: They can charge higher prices and make more profit than in a competitive market. The can benefit from economies of scale – by increasing size they can experience lower average costs – important for industries with high fixed costs and scope for specialisation.
2024-01-18 23:18:16
Can a monopoly break even?
In the long-run, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve. As a result, this will make it impossible for the firm to make economic profit; it will only be able to break even.
2023-11-09 06:43:17
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