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What is a market structure in which a few large firms dominate a market?
a monopoly
Is Facebook a monopoly an oligopoly or a monopolistic competition?
Oligopoly. Few or top producers, around 60% of the market.
When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
What is the Opposite of oligopoly?
The opposite of oligopoly (where there are few sellers in a market), is a market in which there are only a few large buyers for a product or service. This is called a Oligopsony and usually allows the buyers to exert a great deal of control over the sellers, often resulting in the depression of prices.Examples would be world commodity markets in agricultural crops such as coffee were a few international intermediaries are able to trade the multitude of producers off against one another in order to extract cheap resources.
What is a market structure in which a few large firms dominate a market?
a monopoly
Is Facebook a monopoly an oligopoly or a monopolistic competition?
Oligopoly. Few or top producers, around 60% of the market.
What is the parctice of going after a large share of a smaller market or subsets of a few markets?
The practice of going after a large share of a smaller market or subsets of a few market is called concentrated marketing. In this marketing practice, a firm focuses on one market niche.
Which of the following statements most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
When a market is dominated by a few large profitable firms it is considered to be a?
oligopoly
What economy most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
What are the market models as viewed by the seller?
the various market structures are represented by four basic market models: pure competition, pure monopoly, monopolistic competition,and oligopoly.pure competition-is a market situation where there is a large number of independent sellers offering identical product.PURE MONOPOLY- refers to a market situation where there is only ine seller or producer supplying unique goods and services. A one buyer market situation is knon as monopsony.monopolistic competition- pertains to market situation where there is a relatively large number of small producers or suppliers selling similar but not identical products.OLIGOPOLY- is associated with a market situation where there are few firms offering standardized or differentiated goods and services.
What is the Opposite of oligopoly?
The opposite of oligopoly (where there are few sellers in a market), is a market in which there are only a few large buyers for a product or service. This is called a Oligopsony and usually allows the buyers to exert a great deal of control over the sellers, often resulting in the depression of prices.Examples would be world commodity markets in agricultural crops such as coffee were a few international intermediaries are able to trade the multitude of producers off against one another in order to extract cheap resources.
Which phrase best describes Europe?
i dont know
Why is the media industry characterized by an oligopolistic market?
Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership has led to an industry controlled by a few large companies.Centralization of ownership.
What kind of market structure is the cinema industry?
probably oligopolistic; several large firms, a few small.
