0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which of these controls prices and availability in an industry?
Monopoly ~ APEX :)
What happens to price when there is a monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
Under which market structure is there no control over prices?
monopoly
What are agreements among companies to keep prices at a certain level?
Monopoly
What is a person or business that controls distribution and prices of a product or service?
a monopoly
Which of these controls prices and availability in an industry?
Monopoly ~ APEX :)
What happens to price when there is monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
What happens to price when there is a monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
Which of the these controls prices and availability in an industry?
A monopoly controls prices and availability in an industry.
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.
Under which market structure is there no control over prices?
monopoly
What are agreements among companies to keep prices at a certain level?
Monopoly
What is a person or business that controls distribution and prices of a product or service?
a monopoly
How does a monopoly increase a corporation profit?
by eliminating competition to control prices
How does a monopoly increases a corporations profits?
by eliminating competition to control prices
A company holds a monopoly of selling shoes. What effect does the monopoly have on the customer?
Monopolies are not generally kind to consumers. In this instance, the prices will likely increase.
Under what market structure does the firm have the most control over prices?
Monopoly
