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"A situation in which a single company or group owns all or nearly all of the market for a given
type of product or service".
. Examples of pure monopolies are rare, but they do exist; some examples include:
Railway:
Wapda
Wapda mean water and power development authority
Wapda has monopoly of producing electricity.
Wapda power wing is responsible for planning construction and operation of power
generation transmission and distribution facilities throughout the country except
Karachi area which is served by KESC (Karachi electricity supply corporation)
On one hand the market of toothpaste is full of competation with thousand of competin brands
and freedom of entry.on the other hand its market seems to be monopolistic due to uniqueness
of each toothpaste and power to charge different prices.
Oligopoly
An oligopoly is an economic market whereby a small number of companies
or countries generate and control the entire supply of a good or service.
Fuel retailing
Fuel retailing in the pakistan is dominated by four major suppliers, including Total Shell,
Pakistan state oil, Attock. Admore, etc.
Oligopolies in local market
Some of luxuary hotel like Akbar Kinara, Bombay chopaty, mirch masala restaurant silver spoon
are control the whole market of gujrat.
Some fans industries like GFC fan ROYAL fan PAK fan capture the whole market.
Gondal group gujrat and Izhar group gujrat are also in oligopoly in gujrat.
Pure Competition
Pure competition is a term that describes a market that has a broad range of competitors who
are selling the same products.