Tag Archives | Monopoly Power

Degree of Monopoly Power | Markets

In this article we will discuss about the degree of monopoly power. Different writers have devised different criteria to measure the monopoly power of a seller. A. P. Lerner has evolved a formula to measure the degree of monopoly power of seller. In his opinion, a firm produces an ideal output at which P = MC. The divergence between the [...]

By Nipun S|2017-01-13T05:58:19+05:30January 13, 2017|Power|Comments Off

Monopoly Power: Degree, Sources and Measures | Markets

In this article we will discuss about:- 1. Meaning of Monopoly Power 2. Sources of Monopoly Power 3. Difficulties in Obtaining the Lerner Index 4. Measures of Monopoly Power under Price Discrimination 5. Concentration Ratios as Measures of Monopoly Power 6. The Herfindahl Index for Measuring Monopoly Power. Meaning of Monopoly Power: The monopolist is the only seller in the [...]

By Vanshika Ghosh|2016-09-17T15:56:39+05:30September 17, 2016|Monopoly Power|Comments Off