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1531307
Monopoly
Description
a-level Economics Mind Map on Monopoly, created by ZoeeMarie on 26/10/2014.
No tags specified
economics
a-level
Mind Map by
ZoeeMarie
, updated more than 1 year ago
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Created by
ZoeeMarie
almost 10 years ago
14
0
0
Resource summary
Monopoly
Barriers to entry
Structural
economies of scale
brand loyalty
vertical intergration
Strategic
predatory pricing
heavy marketing spending
Legal
licences
patents
copyrights/trademarks
public franchises
tariffs, quotas
These maintain SNP in the long run
Reducing....
Technological change in markets
Removal of statutory barriers
Globalisation of markets - increasing competition
Barriers to exit
Closure costs
redundancy costs etc.
Lost reputation
damage to brand
Asset write off
plant, machinery etc.
Sunk costs
Media attachments
monopoly_diagram (image/jpg)
monopoly_diagram (image/jpg)
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