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What is a monopoly business?
One business would control an entire industry
One advantage of monopolies from a business perspective?
A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.
A benefit of monopoly for the business owner is?
government funding
When a business has complete control of the supple of a product it has a?
monopoly
What is the number of firms in a monopoly?
Mono means one So monopoly means one business controls all of a market.
Business controls all other companies of the same type?
A monopoly may impact an industry significantly, but there isn't other businesses within an industry when a true monopoly exists. A market leader is a business that may affect the prices within an industry.
This term is used to refer to a type of business organization created in the 19th century that was meant to eventually produce a monopoly?
trust
What is a business called when they have no competition?
A monopoly
What is it called when a business has no competition?
Monopoly
What is a monopoly business?
One business would control an entire industry
One advantage of monopolies from a business perspective?
A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.
What is a sentence for the word monopoly?
The communications company held a monopoly on the regional phone business.
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
What is a business called that has virtually no competition?
Monopoly
What is a business free from competition referred to as?
a monopoly
A benefit of monopoly for the business owner is?
government funding
When a business has complete control of the supple of a product it has a?
monopoly
