Competition: Discuss whether the advantages of a monopoly are greater than its disadvantage.

Competition: Daily Test 1 Solutions

Grade 8: Daily test paper solution

Discuss whether perfect competition is always to be preferred to monopoly.

Grade 8 Economics

Topic 4.4: 3) Consumer favours perfect market or monopoly.

Grade 8A Business

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Case Studies based Question

1. Monopolies around the world are very strong in their marketing strategies. These companies generally spent significant amount of money on the promotion and protection of the market. Consumer benefits by getting more cost effective efficient innovative products. As compare 
2.  Discuss whether consumers would always want to be supplied by firms in perfect competition rather than by a monopoly. 
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Last date for Submission: 

 March 16th,  2014

Please Write Your Response in 1000 Words

Note: 

1. Write with references.

2. Market evidences in support of your reasons.

3. Marks allocation for this article is 20

    Rubrics for Marks.

    A. Theoretical Explanation 5 Marks

    B. References. 5 Marks [Use Harvard referencing style]

    C. Use of Key words. 5 Marks

    D. Examples from various Markets 5 Marks

Guardian: Water companies pay little or no tax on huge profits. 

1) Define tax avoidance. [2] 

2) Explain the reasons why should water companies works as monopolies.[6] 

3) Using information given in the text and your knowledge of economics, discuss the role monopoly firms in the industry. [12]