Purchase Solution

Monopoly

Not what you're looking for?

Ask Custom Question

List the names of the some companies that are in monopoly business. Explain whether a monopoly could increase its revenue and its profits by charging different prices to different groups of customers. Give a numerical example to illustrate your point OTHER THAN SENIOR DISCOUNTS.

Purchase this Solution
Solution Summary

The solution answers the question below.

Solution Preview

Public utilities are often strongly regulated or publicly owned. AT&T and Standard Oil are debatable examples of the breakup of a private monopoly. When AT&T was broken up MCI, Sprint, and other companies were able to compete effectively in the long distance phone market and began to take phone traffic from the less efficient AT&T.

Price discrimination exists when sales of identical goods or services are ...

Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Monopoly theory

    321703 Monopoly theory - Since a monopoly is the only source of supply, consumers are entirely at its mercy. There is no limit to the price the monopoly can charge?. Evaluate this statement.

  • Google's monopoly over search-based applications on the Inte

    396547 Google's monopoly over search-based applications on the Internet is examined. I need help finding an article of "monopoly" and a summary about the article. Google's monopoly over search-based applications on the Internet is examined.

  • monopoly power that is not due to government regulation

    What is the source of their monopoly power and how do they exploit it? As per Econlib, "Monopoly is an enterprise that is the only seller of a good or service.

  • Microsoft Case Study: Anti-Trust Behaviour, Monopolies

    Concepts to possibly include: Monopoly Market Structure, Characteristics of Pure Monopoly, Barriers to Entry into the market, Natural Monopoly, Government Monopoly, Downward Sloping Demand Curve, Economies of Scale, Monopoly Pricing, Price Maker, Market

  • Society does not need laws outlawing monopolization and monopoly

    155820 Society does not need laws outlawing monopolization and monopoly "Society does not need laws outlawing monopolization and monopoly.

  • The nature of monopoly concepts

    This solution describes monopoly concepts in five parts. The expert details the nature of a monopoly and what the results can be.

  • Monopolies and Oligopolies

    s=wpd&c=dsp&k=oligopoly+and+monopoly Microsoft cannot be termed as pure monopoly.

  • Encouraging a Monopoly to Social Efficiency

    424066 Should a monopoly be taxed or subsidized? If government wanted to encourage a monopoly to produce the socially efficient quantity, should it use a per-unit tax or per-unit subsidy?

  • pure monopoly and oligopoly

    164336 What are the similarities and differences between pure monopoly and oligopoly? What are the similarities and differences between pure monopoly and oligopoly?

  • Demand Elasticity

    149351 Monopoly Demand Elasticity In a monopoly with a Marginal Cost of $10 per unit, zero fixed costs, an inverse demand function of P=50-Q, what is the demand elasticity of a unit at the monopoly price and quantity.

View More Related Solutions