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Coercive Monopoly
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High Quality Content by WIKIPEDIA articles! In economics and business ethics, a coercive monopoly is a business concern that prohibits competitors from entering the field, with the natural result being that the firm is able to make pricing and production decisions independent of competitive forces. A coercive monopoly is not merely a sole supplier of a particular kind of good or service (a monopoly), but it is a monopoly where there is no opportunity to compete through means such as price competition, technological or product innovation, or marketing; entry into the field is closed. As a coercive monopoly is securely shielded from possibility of competition, it is able to make pricing and production decisions with the assurance that no competition will arise. It is a case of a non-contestable market. A coercive monopoly has very few incentives to keep prices low and may deliberately price gouge consumers by curtailing production. Also, according to economist Murray Rothbard, "a coercive monopolist will tend to perform his service badly and inefficiently."
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130241391
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Sprache Englisch
- Größe H220mm x B150mm x T6mm
- Jahr 2009
- EAN 9786130241391
- Format Fachbuch
- ISBN 978-613-0-24139-1
- Titel Coercive Monopoly
- Untertitel Economics, Business ethics, Contestable market, Price gouging, Murray Rothbard, Monopoly, Free market, Government- granted monopoly, Government monopoly, Natural monopoly
- Gewicht 171g
- Herausgeber Alphascript Publishing
- Anzahl Seiten 104
- Genre Wirtschaft
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