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A monopoly is when a market has many buyers but only one seller.
Wiki User
∙ 9y ago
Wiki User
∙ 8y ago1 firm and it has no competition, it has a difficult barrier and no entry
Example: Airline
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What market structure best describe the market for cars in the US?
What market structure best describe the market for cars in the US?
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
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What best describes an increase in the general market prices of goods and services?
Inflation
Is a monopoly always the best market structure for maximizing shareholder wealth?
No,because in a monopolistic situation initially a company can gain because of it's superior pricing and no competition in the market but in the long run due to lack of productive competition,the system becomes lax and unproductive since there is no improvement in the system due to lack of competition.
Which best describes the United Fruit Company in the early 1900s?
It created a monopoly.
What market structure best describe the market for cars in the US?
What market structure best describe the market for cars in the US?
What best describes the fruit company in the early 1900s?
it created a monopoly
Which best describes the US fruit company in the early 1900s?
It created monopoly
What best describes the United Fruit Company in the Early 1900s?
it created a monopoly
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A monopoly
Which best describes the united fruit company in the early 1900?
it created a monopoly
What statement best describes the structure of a lipid molecule?
There are many statements which best describes the structure of a lipid molecule. The structure of a lipid molecule is a triglyceride. It consists of palmitoyl, oleoyl and stearoyl.
Which best describes the structure of the cell membrane?
Layered
What term best describes the structure of the bureaucracy?
bureaucrats
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
What term is best describes the poem from To A Skylark?
structure poetry
