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Monopoly (Business)

The term monopoly is derived from the Greek words 'mono' which means single and 'poly' which means seller. So, monopoly is a market structure, in which there is a single seller. There are no close substitutes for the commodity it produces, and there are barriers to entry.

628 Questions

Is it hard to enter a pure monopoly?

yes it is very hard to enter into the monopoly because either there are government regulations, license system or latents. one thing that is to be kept is mind that the inputs are very much expensive that common man can not afford it to purchase and use them for production. if an other firm of organization tend to enter into the monopoly then the opposite firm will reduce the price which will result into loss for the company so it is not beneficial for the company.

How can you get a Monopoly Game License?

download a license maker or simply go onto other websites and find free licenses

What is monopolistic competition?

In a monopolistic market a large number of sellers or producers sell differentiated products.It differs from perfect competition that the products sold by different firms are not identical. that is why in a monopolistic market sellers can sell differentiated products in slightly different prize.

As example Nokia sells its Music Express phones in slightly higher prize than the other music phones of other companies because of its differentiated features.

Where can you download monopoly online for free?

Go to pirate bay (torrents) and type in monoply and click download,

and you can get many game from this site aswell.

A pure-monopoly firm's demand curve is also the market demand curve This kind of firm may successfully engage in price discrimination to increase its total profit if it?

segregates its market into clearly definable groups of consumers with different elasticity of demand, and prevents buyers in one market segment from reselling to buyers in another market segment

Is the NFL a monopoly?

Its a abbreviation for the national football league. As there aren't any other leagues of football teams that compete constantly with each other to make money it must be a monopoly.

How many Ferrari types are made?

How many models? Currently? 5.

Here they are:

Ferrari 430 Scuderia

Ferrari 458 Italia

Ferrari 612 Scaglietti

Ferrari F430

Ferrari California

Why San Miguel Corporation is monopoly?

yes san miguel is monopoly becuz the owner of san miguel and the owner of monopoly have sex and got married that is y its true

What is a fur trade monopoly?

a fur trade monopoly is the control over fur

Monopoly Here Now Electronic Edition?

This edition does not have any money, it only has 6 bank unit debit cards(toys). It's not much better than the world edition.

Why does a monopoly cause a deadweight loss?

because it went to the bathroom and pooped all the deadweight