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yes it is very hard to enter into the monopoly because either there are government regulations, license system or latents. one thing that is to be kept is mind that the inputs are very much expensive that common man can not afford it to purchase and use them for production. if an other firm of organization tend to enter into the monopoly then the opposite firm will reduce the price which will result into loss for the company so it is not beneficial for the company.
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What is the amount of competition for a pure monopoly?
Zero
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What are possible market structures for an economic system?
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
What are examples of pure monopoly?
united utillities is the only water providing service currently operating in the ukTherefore is a pure monopoly
What is the amount of competition for a pure monopoly?
Zero
What best states the main difference between a monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What best states the main difference between monopoly and pure competition?
A monopoly involves no competition at all while pure competition involves a high level of competition.
What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
In which two market models would advertising be used most often?
in pure competition and pure monopoly =)
What are possible market structures for an economic system?
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
Are there homogeneous products in an oligopoly?
Homogeneous products are in a monopoly, oligopoly, monopolistic, monopoly and pure competition according to economics. for the purpose of analysis.
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
What are the four types of economic competition?
pure or perfect, monopolistic, oligopoly, and monopoly
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
What are the similarities between oligopoly and pure monopoly?
They both have to deal with money and buying out.
