İşletmeye Giriş Deneme Sınavı Sorusu #1356089

In the .......................... only one supplier dominates the market.

Which one of the followings is suitable for the blank?


Oligapoly

Monopoly

Monopolistic competition

Pure competition

Free market economy


Yanıt Açıklaması:

A monopoly exists when a supplier of goods or services has control of all (or nearly all) of its market. Here, only one supplier dominates the market such that others are not able to compete. Therefore, the firm has considerable control over prices.

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