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This template is for use in the article Licensed and localized editions of Monopoly. (If you're looking for a Monopoly board for general usage, have a look at Template:Monopoly board layout ) This template can be used for a simple description, and is robust enough to handle alternate colors, nonstandard layouts and even the mega-boards with ...
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To make a custom Monopoly board, DO NOT edit this template. Copy the template code below, paste into your article or user page edit window, then follow the instructions for editing. Below is the template code (with standard property data filled in) that you can use to produce a board layout.
Although a regulated monopoly will not have a monopoly profit that is high as it would be in an unregulated situation, it still can have an economic profit that is still above what a competitive firm has in a truly competitive market. [2] Government regulations of the price the monopoly can charge reduce the monopoly profit, but do not ...
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
In the case of monopoly, the company will produce more products because it can still make normal profits. To get the most profit, you need to set higher prices and lower quantities than the competitive market. However, the revenue function takes into account the fact that higher levels of output require a lower price in order to be sold.
[1] [2] A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. [1] [2] Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. [1] [2] The monopoly ensures a monopoly price exists when it establishes the quantity of the ...
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