Monopoly in Conditions of Czech Economy

The bachelor thesis deals with the issues of monopoly in conditions of the Czech economy. The theoretical part is focused on the definition of concepts in terms of market and market structure and perfect and imperfect competition. More details are elaborated monopoly position depending on the market power, the causes and the formation of monopoly prices, monopoly profits, loss of monopoly or the definition of the supply curve. The basic issues are completed with the cases when the performing of the monopoly is not in accordance with the law and shall work out the principles of regulation and restrictions. Ultimately there are mentioned special cases exhibiting monopolistic behaviour, which are the monopson and bilateral monopoly. The practical part is devoted to a particular firm of the monopoly position. The chosen company is the Czech Post, s. p. Consideration is given to the historical development of the company, the current position on the market of postal services, the development and principles of the availability of services, prices of services, employment and wage policies. Also there is described the loss of the monopoly position of the Czech Post, s. p. depending on the postal market liberalisation in 2013 with the gradual emergence of competition on the market of letter and parcel services. At the conclusion of the thesis there are given suggestions on solutions to the situation, which are also connected with the decline of the letter mail due to the spread of electronic communication