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MONOPOLY MARKET



MONOPOLY MARKET
Microeconomics Principle


PAPERS

To Fulfill The Task Of Microeconomics Principle Subject With
The Lecturer Mr. Irvan Yoga Pardistya S.E., M.M., Ak



  

Complied By :
LINDA AYU WULANDARI
1510631030108



PROGRAM STUDY OF ACCOUNTING
FACULTY OF ECONOMIC AND BUSINESS
UNIVERSITY OF SINGAPERBANGSA KARAWANG
2016









PREFACE

Praise to Allah SWT who has been giving us blessing and mercies for us and writer can finish the task of paper entitled “MONOPOLY MARKET”
The preparation of this paper proposed to meet one of the requirements to fulfill the taskin the course of Microeconomics Principle at the Faculty of Economic and Business, University of Singaperbangsa Karawang.
The preparation of this paper will not be resolved properly without the support and help of others, either directly or indirectly. Therefore, it would not be excessive if we would like to express gratitude to:
1.      Mr. DR.H. Sonny Hersona GW, Dres., M.M., The Dean of the Faculty of Economic and Business.
2.      Mrs. Sri Suartini, S.E., M.M., The Head of S1 Accounting Department.
3.      Mr. Irvan Yoga Pardistya, S.E., M.M., Ak., Lecturer in Microeconomics Principle Subject.
Writer wish all the good in thank to Allah and in reply to the double reward.
Writer realizes that in the preparation of this paper is far from perfect. Therefore, we would be happy to receive suggestions and criticism that can be made inputs to constantly improve ourselves. Finally, we hope this paper can be usful for all interested parties.




                                                                                          Karawang, May 17th, 2016




                                                                                                          Writer

Contets

PREFACE.......................................................................................................... i
CONTEN........................................................................................................... ii
CHAPTER I    INTORDUCTION
1.1         BACKGROUND..................................................................... 1
1.2         PROBLEM FORMULATION................................................. 1
1.3         PAPER PURPOSE................................................................... 1
CHAPTER II  THEORITICAL BACKGROUND
                 2.1     THEORY OF ECONOMICS................................................... 2
                 2.2     THEORY OF MICROECONOMICS..................................... 2
                 2.3     THEORY OF MONOPOLY.................................................... 2
                          2.3.1  DEFINITION OF MONOPOLY .................................. 2
                          2.3.2  CHARACTERISTIC OF MONOPOLY....................... 3
                          2.3.3  FACTOR THAT CAUSED MONOPOLY................... 3
                          2.3.4  WEAKNESSES AND ADVANTAGES....................... 4

CHAPTER III CLOSING
                 3.1     CONCLUTION ....................................................................... 5
                
REFERENCES ................................................................................................ 6








CHAPTER I
INTRODUCTION

1.1           1.1 BACKGROUND
  Many people can not definition the monopoly market. The monopoly activity. The monopoly activity sometimes can we meet in a country. There is used the monopoly activity in a market. That activity is affect to the economy in a country. So, before we talk more about monopoly activity, we must analyze it.
  With this paper, hopefully we can know the definition and characteristic of monopoly market. We can know to about market system in our country. Except that, we can know the advantages and the weaknesses of monopoly market.

1.2          1.2 PROBLEM FORMULATION
1.      What is the definition of monopoly market?
2.      What is the characteristic of monopoly market?
3.      What is the factors which is caused monopoly?
4.      How to know the advantages and weaknesses of monopoly?

1.3          1.3 PAPER PURPOSE
1.      Can develop the communication skill and can cooperate in a group well.
2.      To know the definition of monopoly market.
3.      To know the characteristic of monopoly market.
4.      To know the advantages and weaknesses of monopoly. 







CHAPTER II
TEORITICAL BACKGROUND

2.1           ECONOMICS
Economics is the science of making decision in the presence of scarce resources. Resources are simply anything used to produce a good or service or more generally to achieve a goal. Decisions are important because scarcity implies that by making one choice, you give up another. A computer firm that spends more resources on advertising has fewer resources to invest in research and development. A food bank that spends more in soup has less to spend on fruit. Economic decisions thus involve the allocation of scarce resources and a manager’s task is to allocate resources so as to best meet the manager’s goals.
One of the best ways to comprehend the pervasive nature of scarcity is to imagine that a genie has appeard and offered to grant you three wishes. If resources were not scare, you would tell the genie you have absolutely nothing to wish for you already have everything you want. Surely, as you begin this course, you recognize that time is one of the scarcest resources of all. Your primary decision problem is to allocate a scarce the time resource to achieve a goal such as mastering the subject mater or earning an A in the course.

2.2            MICROECONOMICS
Microeconomics is the science of economics which is analyze about the small parts of the all economic activities. The first aspect that the microeconomics talk is about the activity of market goods. Market is a institution which is make the seller and buyer a good are meet.
The other analyze is the interaction of seller and buyer in market of production factors. Individu in economic is the owner of production factor to get the income. Then the income is used to buy the goods that they needs and the seller needs production factors to produce the goods and services. That interaction is determine the price of production factor and the total production factor.

2.3           MONOPOLY
2.3.1    DEFINITION OF MONOPOLY
Monopoly is the type of market that only one company and produce the goods that no subtittes goods simillar.

2.3.2    CHARACTERISTIC OF MONOPOLY
1.      Monopoly market is a industri one company
     The buyer can buy the goods or service only in the company that produce the goods.
2.      No subtitutes goods simillar
   No substitutes goods simillar, but just the subtitutes goods that different characters.
3.      No posibility to enter into the industrial world
   This is the first reason  which is made the company have themonopoly authority.
4.      Can affect the price determine
    Causes the monopoly company is the one of seller in market, so the price is determine by company
5.      The advertise promotion is less needed
     The company not make a advertising or promotion, cause the buyer force to buy the product, if there is an advertising, it is not to promotion, but to keep the goods relation with society.

2.3.3    FACTOR THAT CAUSED MONOPOLY
1.      Have the unique resource
     The example is “the gold voice”, a singer have the best ability in singing, and if there any people have the good voice, it will not same with him.
2.      Can usefull the economic scale
      Nowdays, the efficient production only can be able to do if the total production is higher, in this condition, the company will usefull the maximum economic scale if the total of level production is higher. When the cost of production is minimun, the total production is same with the demand of market. So, company, can decrease the price if the production more higher. In the higher level production, price is so low, and the new company can not survive. The industry which is the economic scale like that is Natural Monopoly. The example like water company, electrcity company, telepohne company, and train company.

3.      Monopoly authority from the government rules
a.      Patent or Copy Rights
     If there is no rules to copy, so the company have no benefit to produce the new goods that more better. Copy Rights is alaw guarantee to avoid the copying.  

b.      Ekseclusive Rights business
   Without ekseclusive rights as a monopoly company, it wil appears the obstacle to usefull the economic scale with maximum. Execlusive Rights guarantee the single company is market is not guarantee that the price is determine in the lower level.

2.3.4    WEAKNESSESES AND ADVANTAGES
The Advantages of Monopoly Market
a.       The profit of seller is high.
b.      To product which is authority the other life, is rule by government. The advantages for consumen cause the seller can not determine the price by herself.

The Weaknesses of Monopoly Market
a.       The buyer don’t have the other option to buy the goods.
b.      The profit just centre on one company.
c.       Buyer exploitation is happen.





CHAPTER III
CLOSING

3.1  Conclusion



 Monopoly market is a place where just one company. And this company produce the goods where the goods is don’t have subtitutes simillar good. The characteristic is can not be able to enter into the industrial, can affect on determine the price, and the promotions is not to needs.
 Factors that caused monopoly is the company which is have the unique resource and another company don’t have it. The monopoly company can usefull the economic scale.
    

REFERENCES

Sukirno, Sadono. 2005. Micro Ekonomi Teori Pengantar. Edisi Ketiga. Jakarta : PT Raja Gavindo
https://munikasulistiawati.wordpress.com/2014/08/30/makalah-pasar-monopoli/




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