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How does Microsoft set the price for their products?
monopoly power
What is a sentence using the word monopoly?
The monopoly was broken up by the government.
Are eBay and Amazon examples of monopolistic competition?
A monopoly is when one firm has a controlling share in the market. As such he can set the price. eBay is a monopoly Amazon WAS a monopoly but is now simply an online retailer
How much does the solid gold monopoly set cost?
It is valued at $2million.
Why monopoly has no suply curve?
Monopoly has no supply curve because the monopolist does not take price as given, but set both price and quantity from the demand curve.
How might monopoly affect prices?
a monopoly if it has a high demand can push prices up simply people will pay for something that is in demand where as a monopoly with low demand will carry on selling the item for less but the way a monopoly works means that the person who is operating the monopoly will shift the supply lower to always push the price up.
What was the 600 dollar Monopoly game - from Neiman Marcus - made of?
In 1978, Neiman Marcus first offered a $600 Monopoly set made entirely of chocolate.
Who came up with monopoly?
Parker Brothers
What monopoly game cost 600?
In 1978, Neiman Marcus first offered a $600 Monopoly set made entirely of chocolate.
why is pure competition better compared to monopoly?
Yes, perfect competition allows the market to dictate prices where as a monopoly can set any price because there is no other alternative.
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.
Where is the best place to play monopoly?
up your mom
