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An oligopoly.
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∙ 14y ago
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In a monopoly there is only one seller but other sellers can enter the market?
No; the market has been monopolized.
What is the meaning of basic market models?
the meaning of market models is competition derived from pure competition meaning many sellers, monopolistic competition meaning most sellers, oligopoly competition meaning few sellers and pure monopoly meaning one seller.
A decrease in the number of sellers in the market causes what?
If the number of sellers in a market increases the
Why is it not possible for a market to exist where there are only sellers?
Absence of buyers. Without one of 'em, trading cannot happen. (If there are no buyers, who are the sellers going to sell to?) Might as well dump the 'market' if nothing is going on. :X
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.
If in a market there is one buyer and many sellers then what is it called?
A buyer's market is when there are few buyers and many sellers. If the opposite is true, then it's called a seller's market.
In a monopoly there is only one seller but other sellers can enter the market?
No; the market has been monopolized.
What is the meaning of basic market models?
the meaning of market models is competition derived from pure competition meaning many sellers, monopolistic competition meaning most sellers, oligopoly competition meaning few sellers and pure monopoly meaning one seller.
A decrease in the number of sellers in the market causes what?
If the number of sellers in a market increases the
what is the differences between Perfect Competition and Monopoly Market?
The difference between a monopoly market and a perfectly competitive market is that in a perfectly competitive market there are many sellers and buyers, the traded goods are homogeneous goods or the same goods and sellers are not free to set prices. whereas, a monopoly market is a market that has only one seller, so buyers have no other choice and sellers have a large influence on price changes.
Why is it not possible for a market to exist where there are only sellers?
Absence of buyers. Without one of 'em, trading cannot happen. (If there are no buyers, who are the sellers going to sell to?) Might as well dump the 'market' if nothing is going on. :X
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.
Where is the market located?
market is not a place, its a situation. when tere is a buyer with willingness and capablity and sellers willing to sell that is market,but both buyers and sellers has to be more then one
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
When a binding price floor is imposed on a market to benefit sellers?
some sellers benefit and some sellers are harmed.
How does eBay market their services?
Ebay is a another market place. They market their service as sellers.
What is lucrative market?
A lucrative market is a market which producing wealth for both buyers and sellers.
