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| pure monopoly definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a market in which there is only one supplier of a unique product with no close substitutes | 3 sets | |
| 2 | (opposite to pc) single seller* major barriers to entry* no substitutes* no non price comp.) price maker | 2 sets | |
| 3 | a market structure in which one firm sells a unique product, into which entry is blocked, in which the single firm has considerable control over product price, and in which nonprice competition may or may not be found | 1 set | |
| 4 | aaa | 1 set | |
| 5 | market structure with only one seller in the market | 1 set | |
| 6 | an industry in which there is only one supplier of a product for which there are no close substitutes and in which it is very difficult or impossible for another firm to coexist | 1 set | |
| 7 | one seller (govt-post office, price- but regulated0 power company) | 1 set | |
| 8 | market in which there is only one supplier of a unique product with no close substitutes. | 1 set | |
| 9 | market structure consisting of a sole seller of a product or service; produces a single, unique product | 1 set | |
| 10 | a single seller; a unique product without close substitutes; blocked entry for other firms; perfect information; significant price controls a "natural monopoly" exists when economic or technical conditions permit only one efficient supplier (typically permitted but regulated) | 1 set | |
| 11 | a single large business | 1 set | |
| 12 | the market structure within the industry consisting of one firm producing a unique product. the firm tends to have a significant amount of pricing power and control over the supply of the product | 1 set | |
| 13 | a market in which there is only one seller of a product | 1 set | |
| 14 | a market in which there is only one supplier of an unique product with no close substitutes | 1 set | |
| 15 | an industry with a single firm that produces a product for which there are no close substitutes and in which significant barriers to entry prevent other firms from entering the industry to compete for profits | 1 set | |
| 16 | a maket in which there is only one supplier of a unique product with no close substitutes | 1 set | |
| 17 | a market situation where only one seller exists for a particular product that has no close substitues | 1 set | |
| 18 | one seller; high entry cost; complete control | 1 set | |
| 19 | a monopoly in which there is only one seller, there are no substitutes for a product or service, getting into and out of the market is difficult, and there is almost complete control over prices | 1 set | |
| 20 | one firm; total control over price; no substitutes; impossible to enter; pr nonprice competition; eg: utilities, phone lines | 1 set | |
| 21 | occurs when only one firm sells the product | 1 set | |
| 22 | an industry with a single firm that produces a product with no close substitutes, and which has significant barriers to prevent other firms from entering | 1 set | |