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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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Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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