group 9 - monopoly

7/23/2019 Group 9 - Monopoly

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MONOPOLY

Presented by :-

Dhiren Haria (A017),

Vishal Shah (A044),

Jay Sangani (A041),

Hiren More (A029),

Priyank Shah (A043),

Haresh !ri"e#i (A0$0)%


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&on'en's

Introduction (Meaning /Features Characteristics).

Types of Monopoly.

A Monopolys Output and Price Decision.

Example of Monopoly.

Advantaes ! Disadvantaes.


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n'ro#*'ion

DefnitionA monopoly is a r 'ha' -ro#*es a goo# orser"i*e .or /hi*h no *lose ss'i''e eis's an#

'ha' is -ro'e*'e# y a arrier 'ha' -re"en'so'her rs .ro selling 'ha' goo# or ser"i*e% nono-oly, 'he r is 'he in#s'ry%

Market PowerMarke' -o/er is 'he aili'y 'o inen*e 'hearke', an# in -ar'i*lar on 'he arke' -ri*e,y inen*ing 'he 'o'al an'i'y oere# .orsale%


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Key Features No close substitute

. a goo# has a *lose ss'i''e, e"en 'hogh only one r-ro#*es i', 'ha' r ee*'i"ely .a*es *o-e'i'ion .ro'he -ro#*ers o. ss'i''es%

!arriers to "ntry

5egal or na'ral *ons'rain's 'ha' -ro'e*' a r .ro

-o'en'ial *o-e'i'ors are *alle# arriers 'o en'ry%

Le#al !arriers to "ntry

A legal ono-oly is a arke' in /hi*h *o-e'i'ion an#en'ry are res'ri*'e# y 'he gran'ing o. a -li* .ran*hise,

go"ernen' li*ense, -a'en' or *o-yrigh'%

Natural !arriers to "ntry

6a'ral arriers 'o en'ry *rea'e a na'ral ono-oly% Anin#s'ry in /hi*h e*onoies o. s*ale enale one r 'o

s--ly 'he en'ire arke' a' 'he lo/es' -ossile *os'%


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!y-es o. Mono-oly

Per.e*' Mono-oly

Per.e*' ono-oly is aasol'e ono-oly%

6o .ear o. *o-e'i'ion

6o ss'i''e

's a "ery rare 'y-e o.ono-oly%

-er.e*' Mono-oly

-er.e*' ono-oly isrela'i"e or si-le ono-oly%

!here is a .ear o. *o-e'i'ion'o soe e'en'

May ha"e reo'e ss'i''es

8a-les Vo#a.one ha"ing*o-e'i'ion /i'h e#lan#line e :S65


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!y-es o. Mono-oly

Pri"a'e Mono-oly

Pro#*'ion o/ne# y-ri"a'e in#i"i#al or-ri"a'e organi;a'ion%

Pro' orien'e#%

Manage# an# *on'rolle# yan in#i"i#al%

8a-le


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!y-es o. Mono-oly

6a'ral Mono-oly

A 'y-e o. ono-oly 'ha' eis's as a resl' o. 'he high e# ors'ar'>- *os's o. o-era'ing a siness in a -ar'i*lar in#s'ryor as a resl' o. na'ral a#"an'ages like goo# lo*a'ion ,

an#an' na'ral resor*es e'*%

' o**rs in a in#s'ry /here &a-i'al *os' is "ery high /hi*ha*'s as a arrier .or en'ry in 'he arke'%

8*onoi*ally sensile 'o ha"e go"ernen's o.'en regla'e'hose, ensring 'ha' *onsers ge' a .air #eal

8a-les Pli* 'ili'ies s*h as /a'er ser"i*es , ele*'ri*i'ye'*% Also ?l. *on'ries ha"ing ono-oly in *r#e oil%


8/22

!y-es o. Mono-oly

?eogra-hi* Mono-oly

Marke's 'ha' en@oy ono-oly #e 'ogeogra-hi*al on#aries

nly one *o-any 'ha' oers a -ar'i*lar goo# orser"i*e in an area

8a-le 6ike is 'he only shoe sol# in Den"er,

e*ase 'he on'ains aron# -re"en' o'hershoe *o-anies 'o shi- in an'i'ies o. shoes,/hile 6ike @s' ha--ens 'o ha"e a .a*'ory inDen"er


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!y-es o. Mono-oly

Si-le Mono-oly

Si-le

ono-oly r*harges ani.or -ri*e orsingle -ri*e 'o all'he *s'oers%

8a-les 5o*al&ale 6e'/ork

Dis*riina'ingMono-oly

S*h a ono-olyr *harges#ieren' -ri*e 'o#ieren' *s'oers.or 'he sae

-ro#*'%

8a-les MHADA


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!y-es o. Mono-oly

5egal Mono-oly

=hen ono-oly eis's on a**on' o.

'ra#e arks, -a'en's, *o-y righ's,s'a''ory regla'ion o. go"ernen' e'*%,i' is *alle# legal ono-oly%

8a-les Msi* in#s'ry


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!y-es o. Mono-oly

!e*hnologi*al Mono-oly

' eerges as a resl' o. e*onoies o.

large s*ale -ro#*'ion, se o. *a-i'algoo#s, ne/ -ro#*'ion e'ho#s, e'*%

8a-les ?oogle (Sear*h engine),Mi*roso.' =in#o/s (S)


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!y-es o. Mono-oly

Join' Mono-oly

A ner o. siness rs a*ire

ono-oly -osi'ion 'hroghaalgaa'ion, *ar'els, syn#i*a'es, e'*, i'e*oes @oin' ono-oly%

8a-le A*'ally, -i;;a aking r an#

rger aking r are *o-e'i'ors o.ea*h o'her in .as' .oo# in#s'ry% :' /hen'hey *oine 'heir siness, 'ha' lea#s'o re#*'ion in *o-e'i'ion% So 'hey *anen@oy ono-oly -o/er in arke'%


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Maximizing Economic Proft:

!he 'o'al &os' E !o'al


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,M& e*ess M< y G 4, so -ro' #e*reases y 'ha' aon'% =hen M As o. 2007, < /as 'he se*on# os' -ro'ale *o-any aongs' 'he-li* se*'or *o-anies as o. 2007 /i'h -ro's o.


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Example o Monopoly Indian Railway

Frei#5t 8er2ices> Ireigh' ser"i*es a**on's .or ore 'han 70 o. re"enes an# a@ori'y

-ro's .or n#ian < i-leen'e# i#eas like re"ising .reigh' ra'es, in*reasing *a-a*i'y o..reigh' *on'ainers, #e*reasing loa#ingNnloa#ing 'ie o. .reigh' *on'ainers,e'*%

Key strate#ies implemented to minimi;e costs

!ownizingO


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Example o Monopoly Indian Railway

Pricin# Discrimination:

%loc& Pricing

> Pri*es .or single 'i*ke'> Pri*es .or on'hly -ass> Pri*es .or ar'erly -ass> :lk :ooking #is*on' .or seasonal 'rains #ring ser "a*a'ion, Di/ali,e'*

%aed on Conumer group- A& Iirs' *lass, A& Se*on# *lass, A& !hir# *lass, Slee-er, Sea'ing%> &on*ession 'o S'#en's, Dis*on's 'o senior *i'i;ens

Pricing 'aed on #ime> !a'kal reser"a'ion

=5y >1 is not pri2ati;ed> ?o"ernen' kee-s -assenger .ares *on'rolle#%> Pri"a'e -layers igh' in*rease .ares 'o genera'e -ro's%

Low 7ost $irlines?1oad transport> < has een ale 'o en@oy goo# -ro's n'il re*en'ly ' lan*h o. lo/ *os'airlines N 'r*ks has soe/ha' ae*'e# .reigh' re"enes%> &ons'an'ly 'rying 'o inno"a'e an# *oe - /i'h ne/ s'ra'egies so as 'okee 'heir ro's ro/in %


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A#"an'ages an#Disa#"an'ages

$d2anta#es 6o risk o. o"er -ro#*'ion

!here is enogh *a-i'al .or resear*h


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A#"an'ages an#Disa#"an'ages

Disad2anta#es8-loi'a'ion o. *onsers


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@5ank You

group 9 - monopoly

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