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In a monopoly there is only one seller but other sellers can enter the market?
No; the market has been monopolized.
What is that market where you have one buyer and one seller?
a market with one buyer and one seller is called bilateral monopoly.
What best describes the market structure of a monopoly?
A monopoly is when a market has many buyers but only one seller.
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 name of a market where there is only one provider?
A monopoly
In a monopoly there is only one seller but other sellers can enter the market?
No; the market has been monopolized.
What is that market where you have one buyer and one seller?
a market with one buyer and one seller is called bilateral monopoly.
What best describes the market structure of a monopoly?
A monopoly is when a market has many buyers but only one seller.
What is it called when one seller controls the market on the supply side?
A monopoly. or they have "cornered" the market.
What are monopoly?
Standard Oil is one
what is the differences between Perfect Competition and Monopoly Market?
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
What does the prefix mono in the word monopoly mean?
The prefix "mono" means "one" or "single." In the word monopoly, it refers to a situation where there is only one seller of a particular product or service, giving them exclusive control over the market.
What is the name of a market where there is only one provider?
A monopoly
What is the name of the market where there is only one provider?
A monopoly
When one group controls an industry or market by being the only provider is?
Monopoly.
Which economic markets describes a situation with many buyers but only one seller?
monopoly
Show the characteristic of monopoly competition?
* A large number of buyers. * Only one seller/producer. * The producer/seller want to maximize his profit.
