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  2. Monopoly price - Wikipedia

    en.wikipedia.org/wiki/Monopoly_price

    A monopoly is a price maker, not a price taker, meaning that a monopoly has the power to set the market price. [ 14 ] The firm in monopoly is the market as it sets its price based on their circumstances of what best suits them.

  3. Monopoly - Wikipedia

    en.wikipedia.org/wiki/Monopoly

    A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors determining monopoly market power are the company's demand curve and its cost structure.

  4. Monopoly price - en.wikipedia.org

    en.wikipedia.org/.../page/mobile-html/Monopoly_price

    [1] [2] A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. [1] [2] Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. [1] [2] The monopoly ensures a monopoly price exists when it establishes the quantity of the ...

  5. Monopolistic competition - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition

    The company is able to collect a price based on the average revenue (AR) curve. The difference between the company's average revenue and average cost, multiplied by the quantity sold (Qs), gives the total profit. A short-run monopolistic competition equilibrium graph has the same properties of a monopoly equilibrium graph.

  6. Average cost pricing - Wikipedia

    en.wikipedia.org/wiki/Average_cost_pricing

    Average Cost Pricing Rule on Investopedia; Chen, Yan."An Experimental Study of the Serial and Average Cost Pricing Mechanisms," Journal of Public Economics (2003)."Marginal Cost versus Average Cost Pricing with Climatic Shocks in Senegal: A Dynamic Computable General Equilibrium Model Applied to Water" by ANNE BRIAND, University of Rouen, November 2006

  7. Monopoly profit - Wikipedia

    en.wikipedia.org/wiki/Monopoly_profit

    Although a regulated monopoly will not have a monopoly profit that is high as it would be in an unregulated situation, it still can have an economic profit that is still above what a competitive firm has in a truly competitive market. [2] Government regulations of the price the monopoly can charge reduce the monopoly profit, but do not ...

  8. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    The formula focuses on the nature of monopoly and emphasising welfare economic implications of the Pareto optimal principle. [43] Although Lerner is usually credited for the price/cost margin index, the generalized version was fully derived prior to WWII by Italian neoclassical economist, Luigi Amaroso. [44]

  9. Ramsey problem - Wikipedia

    en.wikipedia.org/wiki/Ramsey_problem

    The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare (the sum of producer and consumer surplus) while earning enough revenue to cover its fixed costs.