Archive | Monopoly Equilibrium

Monopoly Equilibrium of a Firm in the Long Run | Markets

In this article we will discuss about the monopoly equilibrium of a firm in the long run. The Long-Run Adjustment Process in a Single-Plant Monopoly: In short-run equilibrium of a monopolistic firm, we know that the firm may earn more than normal or only normal profit, or, it may earn even less than normal profit, i.e., it may run into [...]

By Vanshika Ghosh|2016-09-17T15:56:53+05:30September 17, 2016|Monopoly Equilibrium|Comments Off

Monopoly Equilibrium (With Diagram)| Markets

The profit maximising hypothesis can no longer be considered as an appropriate one to explain the behaviour of the firm for the following reasons: First, it may be pointed out that in deciding about his price-output policy, the entrepreneur does not aim at maximising his profit at a particular time or for a particular period of time. Instead, he tries [...]

By Vanshika Ghosh|2016-09-17T15:56:36+05:30September 17, 2016|Monopoly Equilibrium|Comments Off