What is the pricing under Monopoly
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Monopoly is that state of market in which there is only one seller of a commodity and there is no close substitute of the commodity monopolistic has full control over the supply of the commodity Monopoly is the made from to English word mono and poly monomial single and polymers sailor man there is only on sale of a commodity in the market then this is called monopolistic competition of the market....
has been deaf inide in various wise by various economist few important definition under a monopolistic is any seller who is conferred with a felling demand curve for his product and pure Monopoly is that condition of the market in which for is saplify commodity there is no good substitute is available there is only on seller...
before analysing price and and determination in Monopoly it is assume that motive of monopolistic it is to maximize his monopolistic profit is practice monopolist might have some other motives than ironing maximum profit but for convence of analysis ballistic motive is assume to be earning maximum profit
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