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  2. Monopolistic competition - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition

    Like perfect competition, under monopolistic competition also, the companies can enter or exit freely. The companies will enter when the existing companies are making super-normal profits. With the entry of new companies, the supply would increase which would reduce the price and hence the existing companies will be left only with normal profits.

  3. Monopoly - Wikipedia

    en.wikipedia.org/wiki/Monopoly

    A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic interest group. Patents, copyrights, and trademarks are sometimes used as examples of government-granted monopolies.

  4. Oligopoly - Wikipedia

    en.wikipedia.org/wiki/Oligopoly

    Nonetheless, this model has been applied and observed in both real-world examples and theoretical contexts. In the Cournot model and Bertrand model, it is assumed that all the firms are competing with the same choice variable, either output or price. [55] However, some economists have argued that this does not always apply in real world contexts.

  5. Market power - Wikipedia

    en.wikipedia.org/wiki/Market_power

    The emergence of oligopoly market forms is mainly attributed to the monopoly of market competition, i.e., the market monopoly acquired by enterprises through their competitive advantages, and the administrative monopoly due to government regulations, such as when the government grants monopoly power to an enterprise in the industry through laws ...

  6. Monopolistic competition in international trade - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition...

    Cars are a good example here; they are very different yet in direct competition with each other. This means there will be some customer loyalty, which allows for some flexibility for the firm to move to a higher price. In other words, not all of a firm's customers would leave for other products if the firm raised its prices. 2.

  7. Here are some Monopoly success strategies for real life

    www.aol.com/finance/2016-07-24-monopoly-success...

    Most competitive Monopoly players tend to focus on the orange property group (New York Ave., Tennessee Ave. and St. James Place) or the red (Illinois, Indiana and Kentucky Aves.), says Valentine.

  8. Stackelberg competition - Wikipedia

    en.wikipedia.org/wiki/Stackelberg_competition

    However, this is example-specific. There may be cases where a Stackelberg leader has huge gains beyond Cournot profit that approach monopoly profits (for example, if the leader also had a large cost structure advantage, perhaps due to a better production function). There may also be cases where the follower actually enjoys higher profits than ...

  9. What Monopoly Teaches You About Real-Life Money

    www.aol.com/finance/monopoly-teaches-real-life...

    The popular board game teaches some valuable lessons.