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A market in which no one controls the prices is called
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A market in which no one controls the prices is called?
A market in which no one controls the prices is called
What is a market called that no one controls?
An uncontrolled market is called a free market.
When a company controls the entire market and eliminates it's competition it's called a?
Monopoly. A monopoly occurs when a single company dominates the market and has the power to set prices and control supply without facing significant competition.
What is it called when one seller controls the market on the supply side?
A monopoly. or they have "cornered" the market.
What is the Monopoly market?
It is when only one company controls the supply in the market allowing them to control prices which may cause an increase prices for consumers. They will be forced to pay higher prices as there are no substitutes for the product. An example would be Microsoft operating in Europe.
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
What is the removal of some government controls over a market called?
It's called Deregulation
What is a period of rising prices called?
inflation
Which of the these controls prices and availability in an industry?
A monopoly controls prices and availability in an industry.
What kind of market anticipates a decline in prices in an entire stock market?
A declining market is a "bear" market. A rising market is called a "bull" market.
When one group controls an industry or market by being the only provider this is called .?
Monopoly
