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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
Can wage rate be determined in a bilateral monopoly?
In a bilateral monopoly, where a single buyer (monopsonist) and a single seller (monopolist) exist, the wage rate can be negotiated between the two parties. The wage will be influenced by the bargaining power of each side, market conditions, and the relative demand and supply for labor. Ultimately, the wage rate is not fixed and can vary depending on the outcome of the negotiation process between the buyer and seller.
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.
In a competitive market the actions of any single buyer or seller will?
In a competitive market, the actions of any single buyer or seller will have little to no impact on the overall market price or supply. This is because there are many buyers and sellers, and each participant's individual transactions are too small to influence the market dynamics significantly. As a result, buyers take prices as given, and sellers must accept the market price for their goods. This leads to an efficient allocation of resources, where prices reflect the collective behavior of all market participants.
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.
An organism that exists as a single cell is called?
generally single celled organisms are referred to as bacteria
Which of the following are true. 1.single gene can control a single trait 2.single gene can influence multiple traits 3.single trait can be controlled by multiple genes?
A single gene can influence multiple traits A single trait can be controlled by multiple genes
What exists in the form of a single circuit board?
Rack server
Can a single trait can be controlled by multiple genes.?
Yes
Can a single trait controlled by multiple genes?
Yes
