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A monopoly is a corporation, that controls an area of trade
if a store opens up, and sells items for less than the other stores like it, but the same brands, people will stop shopping at the other stores, and shop at the new one. eventually, the old stores are driven out of business, and the new one is the only remaining store. now, since it is the only place to get the items from, the prices go up, because now you have to shop there because it is the only store like it around. you cant shop somewhere else, because there is no other shops. this is called monopolization, and is illegal.
What else can I help you with?
How many companies control a market in a monopoly?
One.
Under which market structure is there no control over prices?
monopoly
What is the monopolies?
Monopolies is the plural form monopoly. A monopoly is when a person or company has complete control of a supply or trade in a market.
Under what market structure does the firm have the most control over prices?
Monopoly
What is monopoly in social studies?
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
What is the control of the market by a single enterprise called?
monopoly? The control of a market by a single enterprise that is the only source of supply is a monopoly. Control by a single enterprise that is the only source of demand is a monopsony.
How many companies control a market in a monopoly?
One.
What impact does the existence of monopoly utilities have on consumer choice and competition in the market?
Monopoly utilities limit consumer choice and competition in the market because they have exclusive control over providing essential services like electricity or water. This lack of competition can lead to higher prices, lower quality services, and less innovation compared to a competitive market with multiple providers.
Company with total control over one market?
monopoly
Under which market structure is there no control over prices?
monopoly
What impact does the water company monopoly have on consumer choice and pricing in the market?
A water company monopoly limits consumer choice and can lead to higher prices in the market due to lack of competition. Consumers may have fewer options and less control over the cost of water services.
What is the monopolies?
Monopolies is the plural form monopoly. A monopoly is when a person or company has complete control of a supply or trade in a market.
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.
When a single company achieves control of an entire market it is known as?
MONOPOLY
Under what market structure does the firm have the most control over prices?
Monopoly
What is monopoly in social studies?
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
What are the potential consequences of a utility monopoly on consumer choice and market competition?
A utility monopoly can limit consumer choice and reduce market competition. This can lead to higher prices, lower quality services, and less innovation. Consumers may have fewer options and less control over their utility services. Additionally, monopolies can stifle competition, making it difficult for new companies to enter the market and offer better alternatives.
