Excess profit of monopolist Sample Clauses

Excess profit of monopolist. In a competitive market, enterprises participating in the market can hardly obtain excess profit because this will stimulate new enterprises entering the market and in the long term, the excess profit tends to come to 0. On the other hand, in monopoly market, monopoly enterprise can obtain excess profit. Profit Excessive profit of monopolist Due to the attractiveness of excess profit, enterprises with dominant position could try to achieve and maintain dominant position. Therefore, in the course of business, enterprises having significant market power tend to apply the two business strategies include: (1) eliminate competitors, close the market to maintain and strengthen the market power of the enterprises in the market; and (2) exploit customer and consumer to gain excess profit. In both cases, the acts of enterprises have negative impacts to the economy and of course the consumers must suffer from the consequences. Competition law was promulgated to control those negative acts of enterprises.
Sample 1
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