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

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

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

4. 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:-

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

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

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

8. Thank You For Your Attention………