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Advantages and Disadvantages of Monopoly

Some Advantages and Disadvantages of Monopoly are as follows. So let us check it out some information of advantages and disadvantages to know more about monopoly. Some other entities related to monopoly such as oligopoly, monopolistic competition, perfect competition , monopsony are also listed at the end of the article.

Advantages of Monopoly are:

  1. Monopoly makes lots of profit hence it can be used to encourages Research and Development (R&D).
  2. Economic of scale can be gained and consumer may get benefit of it.
  3. Monopoly encourages innovation.
  4. Competiton for corporate control.
  5. Abnormal profits in long term can be seen in monopoly of products or services.
  6. There is possibility of price discrimination during monopoly.
  7. Monopoly avoids undesirable duplication of products or services.
  8. New technologies that may reduce cost of monopoly can be made by competitors.
  9. A firm or company can enjoy the power of monopoly.
  10. Profit gained by monopoly can be used for investment.
  11. There is no competiton in market as there is only one single seller of particular product or services.

Disadvantages of Monopoly are:

  1. Prices and costs of products or services may increase any time due to monopoly.
  2. Power and wealth.
  3. Costly functions.
  4. Potential of supply to be limited - less choice.
  5. Poor level of service is observed dur to lack of competiton which may lead to low quality and outdated products or services.
  6. Potential for inefficiency due to lack of competition.
  7. Monopoly may restrict the quantity of goods they supply in order to keep prices of product high to earn more profit.
  8. Exploitation of consumers or customers and they are charged high prices for low quality of products.
  9. Buying problems can be observed in monopoly.
  10. Monopoly may reduce the satisfaction of the customers.
  11. Sometimes monopolies may product low quality product as there is no competitor to produce better quality product.
  12. Monopolies may not invest their money and time in developing new products because they can sell their existing products without any competition.

Some of the terms relate to monopoly are : Oligopoly, perfect competiton, monopolistic competition and monopsony. Also find out other articles related to monopoly.

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Examples of Polynomials

Some of the examples of Polynomials are given below so let us check it out one by one to know more about polynomials.

Polynomials consists of Constants (like 2, -30  or 1/2), variables (like x and y) and exponents (like 2 in x2) but only 0, 1, 2, 3, 4 .......etc are allowed

  • 4x
  • x - 4
  • 2 - 4x
  • 5x2 - 8
  • 22x2 + 44y
  • 2x + 4y + 5z
  • 4xy2 + 3x -5



Full Form of RAC

RAC - Reservation Against Cancellation

Other full form of RAC are Royal Automobile Club, Rent a Car and Religious Action Center.

so let us find out other meaning of the given terms.

Check it out other similar terms on this site. 

What is Coal Tar ?

Coal tar is a black fluid of tremendously high viscosity when coal is carbonized,

Coal tar is among the by-products which manufactured coke or gasified to make coal gas.

Coal tars are compound and variable mixtures of phenols, polycyclic aromatic hydrocarbons (PAHs), and heterocyclic compounds.

Paracetamol is the only coal-tar derived analgesic which is still in use today, but industrial phenol is now usually synthesized from crude oil rather than coal tar.

Process Validation Stages

Process Validation is divided into three stages, So let us check it out one by one. Following are the three stages.

Stage I - Process Design: With the knowledge of Scale up studies and the prior knowledge which is gained through development, The commercial manufacturing process is defined during this stage of process design.

Stage II - Process Qualification: After defining process design, it is evaluated in this stage to determine whether the process is capable of reproducible commercial manufacturing or not.

Types of Debentures

Check out Types of Debentures discussed below. So let us find out some information on types to know more about debentures.

Debenture Types :

On basis of Security : Secured Mortgage debenture and Unsecured Naked debenture

On basis of Tenure : Redeemable debenture and Perpetual or Irredeemable debenture

On basis of Mode of Redemption : Convertible Debenture ( Fully convertible debenture and Partially convertible debenture) and Non convertible debenture

Full Form of DO,MBBS

Diploma in Ophthalmology (DO) is a course offered by medical schools in various countries.(Other full form and meaning of DO are also available) So check it out other articles related to the given term.

MBBS-- Bachelor of Medicine, Bachelor of surgery (Degree awarded by medical  school).