MONOPOLY

Features of monopoly

• Single seller

• Price maker

• Market power

• Price maker

Features of perfect competition market

• Price maker

• Free entry and exit

• Market power

• Perfect knowledge

Which one is not a feature of natural monopoly.

• High fixed cost

• Low fixed cost

• Economies of scale

• Single supplier efficient

When a market attain equilibrium.

• Market Demand equal to market supply

• Market Demand greter than market supply

• Market Demand less than market supply

• None of the above

---

Is the difference between what a producer is willing to accept for a good and the actual price they reveive in the market

---

Is the act of buying and selling assets with the hope of making o profit from the future price changes

How govt can intervence in the market

• Price ceiling

• Floor pricing

• Trade margin

• Taxation

The low of large scale production

• Production increase average cost increases

• Production decrease average cost decreases

• Production increase average cost decrese

Law variable proportion - stage 1

• Tp decrese

• MP zero

• Mp negative

• Tp increase