Question Tag: Monopoly

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BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

Question

a) A monopoly is a market structure in which a single seller or producer assumes a dominant position in an industry or a sector. In most jurisdictions, legislations are in place to restrict monopolies and ensure that one business cannot control the market.

Required:
i) Explain THREE reasons monopoly control over a market might be undesirable.
ii) Suggest THREE ways in which the government might act against monopolies.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government intervention, Monopoly, PEST Analysis
Level: Level 1

Topic: Monopoly Control and Government Action
Series: Nov 2024

BMIS – Nov 2024 – L1 – Q2a – Types of Organisations

Explain three reasons why monopoly control over a market might be undesirable.

Question

A monopoly is a market structure in which a single seller or producer assumes a dominant position in an industry or a sector. In most jurisdictions, legislations are in place to restrict monopolies and ensure that one business cannot control the market.

Required:
i) Explain THREE reasons monopoly control over a market might be undesirable

Answer

Find Related Questions by Tags, levels, etc.

Tags: Market Control, Monopoly, Uncompetitive Markets
Level: Level 1

Topic: Competitive forces and markets
Series: Nov 2024

BMF – May 2018 – L1 – SB – Q3c – The Business Environment

Explains key business terms related to economic policy and business practices.

Question

Explain briefly the following business terms:
i. Fiscal policy
ii. Monetary policy
iii. Monopoly
iv. Downsizing
v. De-layering
vi. Outsourcing

Answer

Find Related Questions by Tags, levels, etc.

Tags: De-layering, Downsizing, Fiscal Policy, Monetary Policy, Monopoly, Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2018

BMF – May 2017 – L1 – SB – Q3c – The Business Environment

Defines key business terms including fiscal policy, monetary policy, monopoly, downsizing, de-layering, and outsourcing.

Question

Define briefly the following business terms:

i. Fiscal policy;
ii. Monetary policy;
iii. Monopoly;
iv. Down sizing;
v. De-layering; and
vi. Outsourcing;

Answer

Find Related Questions by Tags, levels, etc.

Tags: De-layering, Downsizing, Fiscal Policy, Monetary Policy, Monopoly, Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2017

BMIS – March 2024 – L1 – Q2c – Competitive forces and markets

Explain characteristics of a perfectly competitive market and how a monopolist can maximize revenue by choosing either price or quantity.

Question

A perfectly competitive market has been described as one in which buyers and sellers have no option but to take the price determined by the forces in the market. Whereas prices are determined by the forces in a perfectly competitive market, a monopolist firm can maximise its revenue by doing one of two things – choose price or quantity.

Required: i) Explain THREE (3) characteristics of a perfectly competitive market. (3 marks) ii) Explain the statement in bold. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic theory, Market structure, Monopoly, Perfect competition, Price determination
Level: Level 1

Topic: Competitive forces and markets
Series: MAR 2024

BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

Question

Required:
i) Explain THREE reasons monopoly control over a market might be undesirable.
ii) Suggest THREE ways in which the government might act against monopolies.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government intervention, Monopoly, PEST Analysis
Level: Level 1

Topic: Monopoly Control and Government Action
Series: Nov 2024

BMIS – Nov 2024 – L1 – Q2a – Types of Organisations

Explain three reasons why monopoly control over a market might be undesirable.

Question

Required:
i) Explain THREE reasons monopoly control over a market might be undesirable

Answer

Find Related Questions by Tags, levels, etc.

Tags: Market Control, Monopoly, Uncompetitive Markets
Level: Level 1

Topic: Competitive forces and markets
Series: Nov 2024

BMF – May 2018 – L1 – SB – Q3c – The Business Environment

Explains key business terms related to economic policy and business practices.

Question

Explain briefly the following business terms:
i. Fiscal policy
ii. Monetary policy
iii. Monopoly
iv. Downsizing
v. De-layering
vi. Outsourcing

Answer

Find Related Questions by Tags, levels, etc.

Tags: De-layering, Downsizing, Fiscal Policy, Monetary Policy, Monopoly, Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2018

BMF – May 2017 – L1 – SB – Q3c – The Business Environment

Defines key business terms including fiscal policy, monetary policy, monopoly, downsizing, de-layering, and outsourcing.

Question

Define briefly the following business terms:

i. Fiscal policy;
ii. Monetary policy;
iii. Monopoly;
iv. Down sizing;
v. De-layering; and
vi. Outsourcing;

Answer

Find Related Questions by Tags, levels, etc.

Tags: De-layering, Downsizing, Fiscal Policy, Monetary Policy, Monopoly, Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2017

BMIS – March 2024 – L1 – Q2c – Competitive forces and markets

Explain characteristics of a perfectly competitive market and how a monopolist can maximize revenue by choosing either price or quantity.

Question

Required: i) Explain THREE (3) characteristics of a perfectly competitive market. (3 marks) ii) Explain the statement in bold. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic theory, Market structure, Monopoly, Perfect competition, Price determination
Level: Level 1

Topic: Competitive forces and markets
Series: MAR 2024

Question Tag: Monopoly

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BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

BMIS – Nov 2024 – L1 – Q2a – Types of Organisations

Explain three reasons why monopoly control over a market might be undesirable.

BMF – May 2018 – L1 – SB – Q3c – The Business Environment

Explains key business terms related to economic policy and business practices.

BMF – May 2017 – L1 – SB – Q3c – The Business Environment

Defines key business terms including fiscal policy, monetary policy, monopoly, downsizing, de-layering, and outsourcing.

BMIS – March 2024 – L1 – Q2c – Competitive forces and markets

Explain characteristics of a perfectly competitive market and how a monopolist can maximize revenue by choosing either price or quantity.

BMIS-NOV2024-LV1-Q2a-Monopoly Control and Government Action

disadvantages of monopolies and government actions against them.

BMIS – Nov 2024 – L1 – Q2a – Types of Organisations

Explain three reasons why monopoly control over a market might be undesirable.

BMF – May 2018 – L1 – SB – Q3c – The Business Environment

Explains key business terms related to economic policy and business practices.

BMF – May 2017 – L1 – SB – Q3c – The Business Environment

Defines key business terms including fiscal policy, monetary policy, monopoly, downsizing, de-layering, and outsourcing.

BMIS – March 2024 – L1 – Q2c – Competitive forces and markets

Explain characteristics of a perfectly competitive market and how a monopolist can maximize revenue by choosing either price or quantity.

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