Measuring Monopoly Power Homework Help

Need help with your homework? Look no further! Our subject experts are ready to effortlessly handle your assignments, so you can finally say goodbye to stress and hello to top grades.

Please enable JavaScript in your browser to complete this form.
Click or drag files to this area to upload. You can upload up to 3 files.
Get a response in under 15 min Provides You the Best Homework Help in Measuring Monopoly Power

Monopoly power is considered to be the best available situation for any company. By gaining a solo power over the market, the company is sure to achieve high skies. But experts point out that. For consumers, only a perfect competition can lead to maximum social welfare, as it would control the price hike, quality, etc.

That is why experts provide measuring monopoly power homework help, in which they talk about various ways to measure such monopoly power. So let us focus now on the various ways of measuring.

Methods of measuring monopoly power

  1. Using profit-rate as a measure:

This method of Profit-rate was first used by J.S. Bain. By high profits, economists mean that any business that offers high returns that are sufficient to attract new entrants in the market. Usually, the normal profit size that the company is earning indicates its monopoly power.

In situations of perfect competition, a firm earns normal profit that even a new entrant can earn. But in the case of a monopoly power, it is tougher for a new entrant to earn normal profit. But there will be some level of profits at which the new entrant will find it worth the risk. A measuring monopoly power assignment help expert can be the true guide that you need.

  1. Concentration ratio as a measure:

This way of measuring monopoly power takes under its consideration the portion of total market sells that are controlled by the largest group of seller.

The concentration ratio works on the assumption that, the big firms will adopt the same price-output policy. And this policy would not differ much from the one that they would have adopted if they were under a common and unified management system.

  1. Lerner’s measure:

This measure of monopoly power is the one that is highly trusted by our experts providing monopoly power homework help. It is one of the oldest and the most promising measure of monopoly power.

It takes under its consideration the difference between the price charged by the monopolist and his marginal costing in the production. Studying on the same line, Bober came up with the formula 1/E.

The formula 1/E depicts that the degree of monopoly power is inversely related to the elasticity of demand for the commodity.

Apart from this, Lerner gave a formula which is much more widespread, i.e.,

Degree of monopoly power= (P-MC)/P

In the above formula P= price charged by the monopolist.

And MC= his marginal cost.

This is just a small portion of the great boundless knowledge that the measuring monopoly power assignment help expert teaches. If the answer to the above calculation comes ‘0’, then it depicts no monopoly power. And the monopoly power can range between 0-unity. is the place to go for gaining a better insight on the subject. Opt for monopoly power homework help and let our experts enrich you with the knowledge of economics. Call now!

Homework Blues?

Get expert help with homework for all subjects.

  • NPlagiarism-free work
  • NHonest Pricing
  • NMoney-back guarantee

Latest Reviews

Solved Sample Works

Accounting Homework

Corporate Accounting Sample

Biology Homework

Genetics Assignment Sample

Essay Writing Help

Business Plan Sample

Homework Help FAQs

Our Answers to Your Questions

How do I submit my homework?

Getting homework help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes.

How much will my homework cost?

The cost of paying someone to do your homework varies depending on the service and the type of assignment. We have listed our standard pricing plans for popularly used writing services. For other kind of assignments, You can get a free instant quote from us using our online form.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs.

Can I receive help with my homework anytime?

Yes, you can receive help with your homework anytime with us. Our online homework help services are available 24/7, allowing you to receive assistance with your homework anytime, anywhere.

For urgent homework requests, reach out to us through our LiveChat or WhatsApp channels and one of our friendly support agents will assist you in finding the right expert for your online homework help request immediately. With our services, you can rely on 24/7 availability and meeting deadlines.

Are online homework websites budget-friendly for students like me?

Yes, Our Online Homework Help websites are an affordable solution for you as a student. Compared to traditional tutoring services, MyHomeworkHelp prices their homework help services honestly and within the budget of college students. This makes it easier for you to receive assistance with your homework without breaking the bank.

What is your plagiarism-free policy?

At myhomeworkhelp, we take plagiarism very seriously and ensure that all solutions provided by our tutors are original and authentic. Our tutors are trained to provide custom-made solutions, tailored specifically to meet the requirements of each student. We do not provide pre-written papers. All our homeswork solutions are made from scratch, guaranteeing 100% orignal homework answers.

Additionally, we have strict plagiarism-detection tools in place to check all submissions for authenticity.

Is using an Online Homework Help Service cheating?

Using online homework help services is not equivalent to cheating. Our services are intended to support students with their homework and provide them with the resources they need to succeed academically. With the help of our online homework help services, students can receive immediate assistance with their homework from any location, at any time.

At myhomeworkhelp, we are committed to promoting academic integrity. Our tutors provide solutions that serve as guides for drafting your own work. It is not acceptable to submit someone else's work as your own, as this constitutes academic plagiarism.

Can I chat with my tutor?

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.

What is your money-back guarantee policy?

It’s worth noting that our online homework help service rarely leads to disappointment among students. Our expert tutors, along with our support and quality assurance team, are dedicated to providing the best possible experience for our customers. However, if for any reason a student is unsatisfied with their homework help solution, we offer unlimited revisions until they are fully satisfied.

In the rare event that a student remains unsatisfied even after revisions, we offer a money-back guarantee. We want all of our students to feel confident and secure when they turn to us for assistance with their homework, and this guarantee is just one way that we demonstrate our commitment to providing the best possible service. If you have any concerns about our services or the quality of the work you receive, please contact us for support.

What is the expertise of the tutor assigned to do my homework?

At myhomeworkhelp, we take pride in our team of qualified and experienced tutors. All of our tutors undergo a rigorous selection process and are required to have a minimum of a master's degree in their respective fields. Additionally, they must pass a series of tests to demonstrate their proficiency and ability to deliver quality work. We believe in transparency and providing our clients with the best possible service. You can be confident in the expertise of the tutor assigned to do your homework.

What about privacy & confidentiality?

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.