0
Which term best explains what exists when one person or company had exclusive control over a particular good or service?
The term that best explains this situation is "monopoly." A monopoly occurs when a single person or company has exclusive control over the production and distribution of a particular good or service, allowing them to set prices and limit competition. This can often lead to market inefficiencies and reduced choices for consumers.
What else can I help you with?
What best explains what exists when one person or company has exclusive control over a particular good or service?
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
Which term best explains when one person or company has exclusive control over a particular good or service?
The term that best explains when one person or company has exclusive control over a particular good or service is "monopoly." In a monopoly, the monopolist has the ability to set prices and control supply without competition, often leading to higher prices and reduced consumer choice. Monopolies can arise through various means, such as patents, exclusive contracts, or government regulation.
What best explains when one person or company has exclusive control over a particular good or service?
Exclusive control over a particular good or service is best explained by the concept of monopoly, where a single entity dominates the market, often due to barriers to entry that prevent competitors from entering. This can result from factors such as ownership of key resources, government regulations, or technological advantages. Monopolies can lead to higher prices and reduced choices for consumers, as the controlling entity can set prices without competitive pressure. Economic theories also suggest that monopolies may arise in markets with high fixed costs, making it inefficient for multiple companies to coexist.
What is monopoly in social studies?
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
What must a company do to become a monopoly?
To become a monopoly, a company must dominate a particular market by controlling a significant share of its supply, effectively reducing or eliminating competition. This can be achieved through strategies such as mergers and acquisitions, aggressive pricing tactics, and gaining exclusive control over key resources or technologies. Additionally, a company may engage in practices that create barriers to entry, preventing new competitors from entering the market. However, it's important to note that monopolistic practices can lead to regulatory scrutiny and potential legal challenges.
Which term best explains what's exists when one person or company has exclusive control over a particular good or service?
Monopoly
What best explains what exists when one person or company has exclusive control over a particular good or service?
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
Which term best explains when one person or company has exclusive control over a particular good or service?
The term that best explains when one person or company has exclusive control over a particular good or service is "monopoly." In a monopoly, the monopolist has the ability to set prices and control supply without competition, often leading to higher prices and reduced consumer choice. Monopolies can arise through various means, such as patents, exclusive contracts, or government regulation.
What term best explains what exists when one person or company has exclusive control over a particular good or service?
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
What is the name for when a company take exclusive control of an industry?
Monopoly
What is the meaning of monopolies?
Monopoly is the control of a commodity or service in a particular market or the manipulation of prices. The control is exclusive.
What best explains when one person or company has exclusive control over a particular good or service?
Exclusive control over a particular good or service is best explained by the concept of monopoly, where a single entity dominates the market, often due to barriers to entry that prevent competitors from entering. This can result from factors such as ownership of key resources, government regulations, or technological advantages. Monopolies can lead to higher prices and reduced choices for consumers, as the controlling entity can set prices without competitive pressure. Economic theories also suggest that monopolies may arise in markets with high fixed costs, making it inefficient for multiple companies to coexist.
When you have exclusive control of anything you what?
When you have exclusive control of anything, you monopolize it
What is monopoly in social studies?
The definition for the word monopoly in social studies is "exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. "
What is exclusive control?
When you have exclusive control over something, you monopolize it. -- XxMUSE FANxX
What is the exclusive control of an industry?
a monopoly
What is a word for exclusive control?
Monopoly.
