which company are not competitors for monopoly
Answers
Answer:
IRCTC
Explanation:
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Answer:
A close look at the top 4 companies with a dominant position in their industry
In the absence of intense competition in an industry, a company is poised to do better and generate profits with strong cash flows.
However, it’s not easy to find companies with these characteristics because high profitability always attracts new players.
Since this is the age of mega corporations, companies with dominant market position might become monopolies eliminating the benefits of competition.
Here’s a look at four Indian listed companies which enjoy strong monopolies.
Indian Railway Catering and Tourism Corp (IRCTC), which entered the primary markets by listing in October 2019, enjoys a strong monopoly. It has 100% market share in rail network.
IRCTC is the only entity authorised by Indian Railways to offer online railway tickets. The company charges convenience fees in the range of ₹15-30 per ticket.