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What exists when the entire supply of a good is controlled by a single seller?
Wiki User
∙ 14y ago
monopoly
Wiki User
∙ 14y ago
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What is an industry controlled by a single seller?
sole proprietorship
What is the distinctive feature of a monopoly?
a single seller controls the supply of a good or service and prevents other businesses from entering the field. Being the only provider of a certain good or service gives the seller considerable control
What is an natural monopoly?
A natural monopoly exists when a single firm can supply a good or service to an entire market at a lower price than could two or more firms. Generally it arises when there are economies of scale over the relevant range of output.
Exceptions of law of supply?
Many ExceptionsWhile the law of supply generally reflects what happens on the supply side of market, it is not a universal principle that applies to all markets under all circumstances. There are, in fact, numerous important exceptions to the law of supply. In particular, if the supply side of the market is controlled by small number of sellers (including a single seller), then the law of supply might not operate. For example, monopoly, which is a market with a single seller, is not necessarily inclined to offer a larger quantity supplied even though the price is higher. Market control by the monopoly allows it to set the market price based on demand conditions, without cost constraints imposed from the supply side. Other market structures, including oligopoly andmonopolistic competition, might have more competition, but market control can also negate the law of supply.
What is a geographical monopoly?
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
What is an industry controlled by a single seller?
sole proprietorship
An autocracy exists when?
the government is controlled by a single individual--a king, queen, or dictator...
What is the distinctive feature of a monopoly?
a single seller controls the supply of a good or service and prevents other businesses from entering the field. Being the only provider of a certain good or service gives the seller considerable control
Is there a real location known as monopoly?
No. Monopoly is not a place, it's an economic term. It means that the entire market for a product is controlled by a single company.
What is single phase Controlled rectifier?
such a control rectifier that control or rectifier single phase. for that purpose we used SCR that is called single phase controlled rectifier.
What is absolute monopoly?
monopoly refers to a single seller in the market structure
What is ment by single-player mode?
Single-Player Mode commonly refers to one Human controlled player and the rest are CPU controlled.
WHAT is single gene trait?
A single-gene trait is a phenotypic trait controlled by two homologous alleles.
An organism that exists as a single cell is called?
generally single celled organisms are referred to as bacteria
What exists in the form of a single circuit board?
Rack server
Can a single trait controlled by multiple genes?
Yes
Can a single trait can be controlled by multiple genes.?
Yes
