7.1 Monopoly markets / other types of market

Question 1

What’s is a monopoly market exactly?

Give key facts about it & one example!

Answer 1

1. ) Particularly Scandinavian countries (Sweden)
2. ) government-run retailing
3. ) high level of taxes & duties
4. )

e.g. Systembolaget (Sweden)

Question 2

What’s the aim of the monopoly market per example in Sweden (systembolaget)?

Answer 2

1.) limiting alcohol consumption
= less accessibility to alcoholic drinks
= less competition
= less price pressure

2.) no promotion for alcoholic beverages
= no incentives !!!!!

Question 3

Name the advantages and disadvantages for a producer!

Answer 3

advantages (producer)

• small producer have a real chance !
• same access for smaller producers
• selchtet wines available throughout sweden

disadvantages (producer)

• lots of bureaucracy
• hard to enter
• lengthy process to get stocked (7-8 month)

Question 4

Why is it so hard to enter for a producer in these special types of markets?

List the key facts in a meaningful row!

Answer 4

1. ) register with an approved supplier
2. ) 4 times a year = tender issues requests
3. ) approved supplier send samples
4. ) producer need to be picked by quality
5. ) 2nd blind tasting & chemical control !

Question 5

Which state in Canada has now a private market?

Answer 5

Alberta BUT supervised

Question 6

Which state in Canada is strictly controlled?

Answer 6

Ontario