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Is a monopoly an exlcusive control of goods or services in a market?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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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.
Under which market structure is there no control over prices?
monopoly
Company with total control over one market?
monopoly
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
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. "
Is container shipping industry monopoly or oligopoly market?
The container shipping industry is an example of an oligopoly market. While there are not many companies that provide container shipping services, there are more than one. The industry would only be a monopoly market if only one company provided the services.
Term that describes a total control over a market?
Monopoly. See related link.
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.
