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1) Only one firm in the market (no competition).
2) Significant barriers to entry by other firms exist.
3) Lack of substitute goos for the monopolist's good.
4) Firm is a price-maker.
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∙ 13y ago
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What are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What are the four types of economic competition?
pure or perfect, monopolistic, oligopoly, and monopoly
What is the amount of competition for a pure monopoly?
Zero
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
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 are the four basic market models?
Pure competition, pure monopoly, monopolistic competition, and oligopoly.
What are the four types of economic competition?
pure or perfect, monopolistic, oligopoly, and monopoly
What are the basic market model?
There are four basic market models based on the amount of competition within the industry. They are pure competition, monopolistic competition, oligopoly, and pure monopoly.
What are examples of pure monopoly?
united utillities is the only water providing service currently operating in the ukTherefore is a pure monopoly
What are the four basic types of competition that take shape in a private enterprise system?
pure competition, monopolistic competition, oligopoly, and monopoly
What is the amount of competition for a pure monopoly?
Zero
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
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 five characteristics of pure competition?
I need an answer what are 5 characteristics of pure competition?
What are possible market structures for an economic system?
oligopoly, monopoly, and pure competitonMonopoly, Pure competition, Oligopoly
In which two market models would advertising be used most often?
in pure competition and pure monopoly =)
