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What will happen to worker wages when an industry shifts from a monopoly to a competitive market?
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Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
When a firm has little ability to influence market prices it is said to be in what kind of a market?
Imperfect monopoly
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
When one group controls an industry or market by being the only provider is?
Monopoly.
How is a monopoly and a perfectly competitive firm similar?
A perfect competitive market and pure monopoly market both have to follow the "law of demand".
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
When a firm has little ability to influence market prices it is said to be in what kind of a market?
Imperfect monopoly
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
When one group controls an industry or market by being the only provider is?
Monopoly.
How is a monopoly and a perfectly competitive firm similar?
A perfect competitive market and pure monopoly market both have to follow the "law of demand".
Which market in the economy of Mauritius come closest to being perfectly competitive?
monopoly
what is the differences between Perfect Competition and Monopoly Market?
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
What does the size of a market have to do with whether an industry is a natural monopoly?
well technically a monopoly is just holding 25% percent of the market, so it would help if the market was smaller.
Is container shipping industry monopoly or oligopoly market?
The container shipping industry is an example of an oligopoly market. While there are not many companies that provide container shipping services, there are more than one. The industry would only be a monopoly market if only one company provided the services.
What is the size annual revenue market research and competitive intelligence industry?
Instant Access to Complete Market Research for the Retailing Industry, Statistics, Competitive Intelligence, Revenues, Chain Stores.
One group controlling an industry or market by being the only provider?
Monopoly
What business or industry is most likely to be found in a perfectly competitive market?
the adult film industry
