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What is the legal term that describes the controlling bidy of monopoly?
The legal term that describes the controlling body of a monopoly is "monopolist." This entity is characterized by having significant market power, allowing it to dictate prices and control supply in a specific market, often to the detriment of competition and consumer choice. Monopolies are often subject to regulatory scrutiny under antitrust laws to prevent anti-competitive practices.
What are the different versions of monopoly?
Perfect Monopoly: It is also called as absolute monopoly. In this case, there is only a single seller of product having no close substitute; not even remote one. There is absolutely zero level of competition. Such monopoly is practically very rare.Imperfect Monopoly: It is also called as relative monopoly or simple or limited monopoly. It refers to a single seller market having no close substitute. It means in this market, a product may have a remote substitute. So, there is fear of competition to some extent e.g. Mobile (Cellphone) telcom industry (e.g. vodaphone) is having competition from fixed landline phone service industry (e.g. BSNL in India).Private Monopoly: When production is owned, controlled and managed by the individual, or private body or private organization, it is called private monopoly. e.g. Tata, Reliance, Bajaj, etc. groups in India. Such type of monopoly is profit oriented.Public Monopoly: When production is owned, controlled and managed by government, it is called public monopoly. It is welfare and service oriented. So, it is also called as 'Welfare Monopoly' e.g. Railways, Defence, etc.Simple Monopoly: Simple monopoly firm charges a uniform price or single price to all the customers. He operates in a single market.Discriminating Monopoly: Such a monopoly firm charges different price to different customers for the same product. It prevails in more than one market.Legal Monopoly: When monopoly exists on account of trade marks, patents, copy rights, statutory regulation of government etc., it is called legal monopoly. Music industry is an example of legal monopoly.Natural Monopoly: It emerges as a result of natural advantages like good location, abundant mineral resources, etc. e.g. Gulf countries are having monopoly in crude oil exploration activities because of plenty of natural oil resources.Technological Monopoly: It emerges as a result of economies of large scale production, use of capital goods, new production methods, etc. E.g. engineering goods industry, automobile industry, software industry, etc.Joint Monopoly: A number of business firms acquire monopoly position through amalgamation, cartels, syndicates, etc, it becomes joint monopoly. e.g. Actually, pizza making firm and burger making firm are competitors of each other in fast food industry. But when they combine their business, that leads to reduction in competition. So they can enjoy monopoly power in market.
What term most accurately describes your body?
This man
What does macroeconomics deal with?
The production and distribution of goods and services as seen from the perspective of a government or other controlling body who can take in the whole picture of the national economy.
What are the features of capitalism economy?
In a capitalistic society, a monopoly is when one company oversees all aspects of the manufacturer and distribution. For instance, with the Standard Oil monopoly, the features were control of the pipelines, refineries, transportation, manufacturing sources, and distribution for oil, owning over 90 percent of the market.
What is the legal term that describe the controlling body of a monopoly?
Trust
Which term best describes the brain?
The brain is a complex organ that serves as the body's command center, controlling thoughts, emotions, and bodily functions.
Describe the body mechanism for controlling blood glucose levels under normal and stress controlling?
describe the body's mechanisms for controlling blood glucose levels under normal and stress conditions
What governing body is not involved with approving testing and controlling a new drugs?
this governing body is NOT involved with approving, testing, and controlling new drugs
What is your brain's main job?
controlling the body
Which organ is responsible for controlling the whole body?
The brain is responsible for controlling the whole body. It processes information from the senses, initiates movements, and regulates bodily functions.
How do you control body weight steps in controlling body weight?
very carefully!
What tissue is the major controlling system of the body?
Neural
What contains the nuclei for controlling body temperature?
7500
Is lifting a rock boluntary or involuntary?
Climbing is a voluntary action because you are controlling your body when you are climbing.
What are the two body systems that are responsible for controlling behavior?
The nervous and endocrine systems are the two systems responsible for controlling behavior.
Your body controlling glucose fluctuations is an example of what process?
"homeostasis"
