1. UNIVERSITY of PETROLEUM
and
ENERGY STUDIES
Monopoly
Sameer Sharma

2. Index
• INTRODUCTION
• TYPES OF MARKET
• MONOPOLY CASE 1
• MONOPOLY CASE 2
• MONOPOLY CASE 3
• REFERENCES

3. Introduction
Market forms
Market refers to a place or locality where
commodities can be bought and sold. In
economies market does not necessarily
mean or refer to a particular place but to
the mechanism by which buyers and sellers
of a commodity are able to contact each
other for having economic exchange

4. Types of Market
MARKET
Imperfect Perfect
competition competition
Monopolistic Oligopoly Monopoly

5. Monopoly
• Derived from two Greek words:
‘Monos’ meaning single
‘Poles’ meaning seller
• Monopoly means existence of a single
producer or seller who produces or sells a
product which has no close substitutes

6. Monopoly
• Features of monopoly:
Single seller many buyers
No close substitutes
Closed entry
Price Maker
Price discrimination

7. Monopoly Revenue curve
9
8
7
6
5
Average revenue
4
Marginal revenue
3
2
1
0
Units

8. Monopoly Case 1:

9. Monopoly Case 2:

10. Monopoly Case 3:

13. References

14. THANK YOU