Subject -Economics S.Y.B.A. Micro Economics - S-1 Monopoly.

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Presentation transcript:

Subject -Economics S.Y.B.A. Micro Economics - S-1 Monopoly

Presented by Jyoti S. Jadhav (M.A., M.phil.,NET)

Monopoly Meaning and Definition:- Monopoly is the situation is a single seller of a product.

Features of monopoly:- 1) One seller and large number of buyers. 2) Monopoly is also an industry. 3) Restriction on the entry of the new firm 4) Full control over price:- 5) No substitutes:-

Price Determination Under Short Run Equilibrium Super normal profit:- this situation the total super normal profit BCDP.

Normal profit:- shown, the equilibrium at point C, because at this point marginal cost is equal to marginal revenue

Minimum loss :- The firm is total loss equivalent to GFHP2 as shown by the shaded area

Thank You For Your Attention………