Monopoly And Oligopoly Case Study

You can download the solution to the following question for free. For further assistance in Economics assignments please check our offerings in Accounting assignment solutions. Our subject-matter experts provide online assignment help to Accounting students from across the world and deliver plagiarism free solution with free Grammarly report with every solution.

(ExpertAssignmentHelp does not recommend anyone to use this sample as their own work.)

Assessment Type

Case Study

Word Count

3000 words


Economics Case study


4 Days

Assignment Criteria

(a) Explain oligopoly and monopoly market structures, and identify the key factors that distinguish them. (6 marks)

(b) Choose two different industries from your home country representing oligopoly and monopoly, and identify their key characteristics in relation to the factors used to differentiate between the market structures.Using the real data from your case studies analyse the market outcome for each case study. (10 marks)

(c) Briefly explain the game theory, apply it to your case study and analyse the behavior of the firms. (6 marks)

Why Choose Us?

Assignment Understanding Brief

Review your requirements with our FREE Assignment Understanding Brief and avoid last minute chaos.

Global PhD Experts

We provide you services from PhD experts from well known universities across the globe.

Free Grammarly Report

No more plagiarism worries. We give you a FREE Grammarly report with every assignment.

Delivery Before Deadline

Our experts work round the clock to provide you with solutions before the scheduled deadline.

Assignment Solution

Part A: Market and Market Structures

Individual economic units can be widely categorized into 'buyers' and 'sellers' according to their function. Buyers are entities who purchase goods and services, for example, firms buy labor, capital and raw materials. Sellers are entities who sell their goods and services, for example, workers sell their labor services and firms sell their finished products. A market is a 'collection of buyers and sellers that, through their actual or potential interactions, determine the price of a product or set of products' (Pindyck & Rubinfeld 2004).

A market structure indicates the kind of market that firms operate in. They can be differentiated by the number of sellers and buyers, type of product, efficiency, profits and control over prices into the following categories (Lipsey & Chrystal 2009):

  1. Perfect Competition- The more competitive a market is, the lesser power it would give to individual firms to influence its product market. Here, firms have no power over the market price as they are decided by the forces of supply and demand. 
  2. Imperfect Competition: It can be further classified into
  • Pure and Impure Monopoly
  • Monopsony
  • Oligopoly
  • Monopolistic Competition

Part B


A monopoly is a market structure where there is only one seller but many buyers of a particular product, or, a single firm produces the whole output of the industry. The product is usually a unique one with no close substitutes (Times 2015).  The key features of this market structure are as follows:

1. Under monopoly, there is no basic difference between a firm and the industry. There is only one seller and producer of the good, hence, no competition.

2. The seller has full market power and is the price maker.

3. It has absolute control over the product supply which makes the elasticity of demand for the product zero.

4. Entry of new firms into the market is highly restricted due to the following reasons (WEB*pedia 2015):

  • Government license or franchise
  • Resource ownership, patents, and copyrights
  • Very high cost of startup
  • Decreasing average total cost of existing firms

5. It has a profit-maximizing motive but can't determine both the quantity and price at the same time.

6. The products are unique and homogeneous, like a particular rice grain or pulse.

7. Price discrimination is present under a monopoly. Buyers or markets can be divided in order to maximize profits (IDAHO 2015).

Download This Assignment Sample For Free

    This form collects your email so that we can correspond with you through our newsletters. Checkout our Privacy policy for more information.
    Yes, i consent to this conditions.