Answer to Question #248746 in Microeconomics for Ling

Question

Each group must choose an organization or business that are involved in monopoly
market in Malaysia. Prepare a well-organized report on the business organization.
Generally, your reports should have the following basic contents:
⚫ Introduction
◼ Background of monopoly market
◼ Background of the chosen organization/business
◼ Main market characteristics of the organization as monopolist
◼ Vision and mission of the selected organization/business
◼ Corporate social responsibility of the selected organization/business
◼ Products/services portfolio of selected organization/business
◼ Subsidiaries under the selected organization/business
⚫ Conclusion

Answer 1

A business monopoly occurs when a single company and its product control an entire market, with little to no competition and consumers obligated to buy that exact products or service from that single company. Padiberas Nasional Berhad is a great example of a Malaysian monopoly that also serves as a holding company. The Company processes, trades, distributes, and provides rice through its subsidiaries, as well as manufacturing and selling vermicelli. Padiberas Nasional is a leasing company that also offers logistics services.