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A monopoly!
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∙ 14y ago
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How monopoly arises?
A monopoly occurs when one company has total control in the production and distribution of a product or service.
What does someone have if they create a monopoly of a market for a particular product have?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
What is suply?
Supply means to furnish with something that is required: to supply the community with good government. The total amount of a good or service available for purchase along with demand.
What is a supply chain and who is involved in it?
A supply chain is all of the companies and people involved in producing or manufacturing a product, placing it in a retail store, and then getting it to the customer. The supply chain would be a total of all parties involved in this.
Inelastic demand curve?
Inelastic demand means a situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. An example of a product with inelastic demand is gasoline. Refer to link below.
A single organization which has total control of a specific product or service?
A monopoly.
How monopoly arises?
A monopoly occurs when one company has total control in the production and distribution of a product or service.
What does someone have if they create a monopoly of a market for a particular product have?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
What is the meaning of monopolies?
Monopoly is the control of a commodity or service in a particular market or the manipulation of prices. The control is exclusive.
What does total product concept include?
The total product concept include: potential, augmented, expected and core. The concept refers to the collection of services offered by a service or product.
What does someone have if they a monopoly of a market for a particular product?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
What is a total control on a market for a certain product called?
free market
Why are patents sometimes referred to as monopolies?
A monopoly is when one person or company has total control over the market for a certain product or service. Like in the Hasbro game of Monopoly: when you own all the properties of the same color, you have a monopoly. If you patent a product, it means that your product is documented so no one can take your ideas and/or designs and claim them as their own. So you are the only one that can claim that product and you have complete control over that product's market. Therefore, you have a monopoly on your product.
What is suply?
Supply means to furnish with something that is required: to supply the community with good government. The total amount of a good or service available for purchase along with demand.
Narcissists fear of abandonement?
Narcissists do NOT fear abandonment - they fear being without "supply" and not in total control.
What is a supply chain and who is involved in it?
A supply chain is all of the companies and people involved in producing or manufacturing a product, placing it in a retail store, and then getting it to the customer. The supply chain would be a total of all parties involved in this.
What is the total electricity supply for a home?
In the US: 120/240V. Newer homes generally have a 200 amp service.
