shortage
false
It might lead a producer to charge more for a product or service.
supply
The term that best explains this situation is "monopoly." A monopoly occurs when a single person or company has exclusive control over the production and distribution of a particular good or service, allowing them to set prices and limit competition. This can often lead to market inefficiencies and reduced choices for consumers.
In a monopoly graph, producer surplus is the difference between the price the producer receives for a good or service and the cost of producing it. In a monopoly, the producer has more control over pricing and can charge higher prices, leading to a larger producer surplus compared to a competitive market.
I think about situation, when you install Windows from your current OS.
false
Describe a situation of superior customer service?"
It might lead a producer to charge more for a product or service.
supply
It is either service, industrial or agricultural
Describe a situation in which you have improved the quality of customer service at your business? quality customer service and cost challenges
what is the current philosophies of service delivery in the sector
No. A government monopoly refers to a situation in which the government owns all the outlets for a particular good or service.
supply
supply
Technically neither. They are a service provider, as such they consume raw goods and produce a finished product. In such a situation, the product developers are the persons who sell the raw materials or unfinished goods, and the consumers would be the purchasers of that which is constructed.