List and Concept of Monopoly Companies in Australia

Monopoly is described as a situation where one organization or company and its product range specifically dominates any one of the sectors or the complete industry. This can be considered as an extreme and practical result of capitalism in free-market service. Monopoly is an extremely used term for the definition purpose of the unit that has total or near-total control over the complete market sector. In this situation, a particular entity, company, or a group simultaneously becomes large which achieves an entire or near to its market that includes infrastructure, commodities, goods, and assets linked with a specific product or service. Monopoly intends to have a section and unfair benefit over various rival organizations majorly because of the reason that these organizations emerge as a sole provider of particular service and good. In a monopolistic environment, a specific organization does not face any type of competition because this is the only seller and producer of the products with no such related substitutes. In a market that is run or governed by a monopolistic manner, a great range of factors like ownership, license, copyright, patient, and cost achieves to make a single unit the single seller of the goods and services. The restriction due to these factors must stop other potential organizations from achieving entry to the market sector.

List of Monopoly companies in Australia Presented by Assignment Hippo

To develop a better understanding of the monopolistic nature of the market structure in Australia, the important strong decision could be monitored in the form of a demand curve. Various organization in Australia that is monopolistic acquires a downward sloping demanding curve concerning the perfectly elastic curve of a competitive market segment. As per the preferences firms in the market have restricted and limited competition and therefore mark up the prices according to the prices. The basic responsibility for the management of aspects is acquired by the competition in Australia and the consumer commission. The firms have grown up larger which has lower prices per customer. Each additional customer prepares the complete cost to fall lower in rates. This article will throw some light on important factors and terms that are used in the economy of all the countries that are monopoly means to control a single firm over market and industries in the respective country. The analysis of two main structures banking and supermarkets in Australia possesses monopoly.  Comparing to monopoly, the market structure which has oligopoly is very common concerning Australian context. Major service industries like retail industries, banking, etc. follow the structure of the market having oligopoly. The retailing shops in Australia are a core example of the duopoly which a narrow version of oligopoly. The banking sector is considered to be the poor sector example of oligopoly. In a monopoly, the market is run by one seller who rules the entire business and market. The competition involved in monopoly includes strong competition among the industries. It does not allow other organizations to enter the market. The more complex structure of the market is found in Australian posts. The retail industries in Australia face strong competition apart from the banking industry. Retail companies such as Woolworths and Coles have gained great market share in the industry. This is said to be quite difficult in terms of other small and big organizations to remain in the market. The organizations run in a monopolistic manner possess important information that is unknown to other organizations and gives an edge in a significant manner. The monopoly and the competition-based market tend to line the extreme in terms of various factors of the structure of the market. Existing similarities between types of structure of the market such as maximization of profits, similar cost, minimization of costs, etc. Apart from the banking industry, the industries in-retailer sector face very high competition. Despite a government or any other private sector, the complete education system in Australia follows the regulations laid by the Australian curriculum, evaluation, and reporting body. The education system in Australia is governed and regulated by the education minister (Dan Tehan). Australia has a well-established education industry and includes the majority of schools and universities from which maximum are so ancient. The education system in Australia is a billion-dollar system that contributes around 5-6% of their GDP. The very good thing about their system is it is mandatory to provide education to a child whose age is 6 to 16 years.

Australian Monopolistic Market Structure

The monopolistic environment consists of several strong sources which allow different organizations and companies the generation of significant control over the complete market space. According to the monopolistic situation of Australia, a defined monopoly exists in the banking and market sector. The remained part includes all other market industries that take part in the operational Australian domain. The banking sector has different organizations that are, Westpac, Commonwealth, NAB, and ANZ that control the complete banking and finance sector. The banking sector includes a monopoly over the organization that is due to the broadness of operations, substantial amount of assets, capitalization, and secure the operational network around Australia and other countries. Apart from the Australian states, few banks have operations in different countries which gives them an edge over different industries. Multiple sources have been identified that allows these organizations to bring a monopoly over other industries. One of the examples in economics assignment help of monopoly could be Microsoft first designed the OS windows. This happened due to different causes that the organizations have been able to take part in the growth of market size and grab attention in a significant fraction of the given industries. The most significant causes of strength are,

Why Monopolies arise in Australia and all over the Globe?

The National Broadband Network is an initiative taken by the government that focuses on the improvement of internet speeds and access in Australian states and regional areas.

Market power is defined as such that it contributes to altering the relationship between a firm’s prices and the selling cost. In a monopoly, it charges a price that exceeds the marginal price. The quantity of the product which is produced is reduced by the increment in the selling price of the product. The result from monopoly does not benefit society.  The firm in the market which is single has no close substitutes to alter the analysis and conclusion drawn from the competition and it does not apply this process to a particular market structure.  Monopolies tend to be a cost setter rather than takers which through competition in the market. As we know monopoly charger a price that exceeds the borderline cost, a high price is demanded which results in the deduction of the quality of the product.

The major difference between monopoly and competition is that monopoly faces a degradation or downward slope in the demanding curve whereas perfect competition faces a horizontal curve in the demanding list.

The above graph shows the demand curve which is faced by the monopolist as well as other firms in the perfect competition. Though we know market power does not always mean that it can charge the price according to its wish. The monopolist faces constraint by the demand curve and it has profit which maximizes the price with the demand curve simultaneously.

Project development without a monopoly

The development and optimization together are a need for effective project development to bring effective construction and alternative search options to reach the goals for effective performance. For the successful run of a business, a good project plan and implementation process is required which is further optimized effectively. It has various aspects which are responsible for playing various roles in various domain of the project. The delivery method includes economic management and assignment help for optimization of the project which is initially needed to be evaluated for the construction of any kind of project. The major thing to consider for developing any project and running it effectively, ensuring all the KPI targets must meet in the given timeline by following the given strategies, make regular inspections to the work area, ask for daily feedback from the customers, create regular surveys, check on the resources and keep a note on it, review the work progress made by the workers. The base of an organizational unit, corporation, or collection of organizations that take part in sharing a combination of similar goals and objectives for the collaboration to give specific services and products to the clients. The term enterprise explains different forms of bodies regardless of their model, operational method, size, location, public, information, methodologies, and technologies. The working frame of the company is seen by the enterprise architect while working with other people on daily basis. There is effective communication among the executives. Enterprise architecture has a great impact on the targeted market and desires so that the business is creating manufacturing products that need to be sold. The management of the sectors seems to be difficult for the development process for which developing a concrete framework is key. Using enterprise architecture benefits in many ways to the company to ensure increasing productivity to reach the goals and objectives.

Conclusion for List and Concept of Monopoly Companies in Australia

To develop a better understanding of the monopolistic nature of the market structure in Australia, the important strong decision could be monitored in the form of a demand curve. Various organization in Australia that is monopolistic acquires a downward sloping demanding curve concerning the perfectly elastic curve of a competitive market segment. As per the preferences firms in the market have restricted and limited competition and therefore mark up the prices according to the prices. The basic responsibility for the management of aspects is acquired by the competition in Australia and the consumer commission. The firms have grown up larger which has lower prices per customer. Each additional customer prepares the complete cost to fall lower in rates. This article for the Autodesk assignment help will throw some light on important factors and terms that are used in the economy of all the countries that are monopoly means to control a single firm over market and industries in the respective country. The analysis of two main structures banking and supermarkets in Australia possesses monopoly.  Comparing to monopoly, the market structure which has oligopoly is very common concerning Australian context. Major service industries like retail industries, banking, etc. follow the structure of the market having oligopoly. The retailing shops in Australia are a core example of the duopoly which a narrow version of oligopoly.