Question and answer
A monopoly is
A monopoly is a market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted.
Question
Asked 11/24/2014 8:18:43 AM
Updated 10/6/2017 10:28:08 PM
1 Answer/Comment
Edited by yumdrea [10/6/2017 10:28:08 PM]
s
Get an answer
New answers
Rating
8
A monopoly is a market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted.


Added 10/5/2017 1:13:06 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/6/2017 10:28:10 PM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
For a perfectly competitive firm, the demand curve is (Points : 1) the marginal revenue curve. perfectly inelastic. always equal to marginal cost. the same as the market demand curve.
Weegy: For a perfectly competitive firm, the demand curve is the marginal revenue curve. (More)
Question
Updated 11/24/2014 9:18:05 AM
0 Answers/Comments
34,448,255
questions answered
Popular Conversations
The correct plural of the noun attorney is _______. The primary ...
Weegy: The correct plural of noun attorney is attorneys.
9/17/2021 5:26:50 PM| 12 Answers
Earthquakes can only occur at a fault if the fault experiences ...
Weegy: Earthquakes can only occur at a fault if the fault experiences compression force in convergent plate boundaries ...
9/13/2021 2:29:33 AM| 3 Answers
A(n) __________ monitors blood flow and oxygen consumption in the ...
Weegy: An fMRI monitors blood flow and oxygen consumption in the brain.
9/15/2021 11:41:43 AM| 3 Answers
203.34+96.67+1289.60+45+67.12+30
9/15/2021 8:27:32 PM| 3 Answers
S
L
Points 634 [Total 868] Ratings 1 Comments 624 Invitations 0 Offline
S
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
P
1
L
P
1
Points 609 [Total 6482] Ratings 11 Comments 499 Invitations 0 Online
S
L
Points 405 [Total 571] Ratings 4 Comments 365 Invitations 0 Offline
S
L
P
P
L
P
Points 377 [Total 7587] Ratings 11 Comments 267 Invitations 0 Offline
S
L
R
P
Points 185 [Total 3134] Ratings 7 Comments 115 Invitations 0 Offline
S
L
P
P
Points 133 [Total 3908] Ratings 1 Comments 123 Invitations 0 Offline
S
L
L
P
Points 131 [Total 5926] Ratings 1 Comments 121 Invitations 0 Offline
S
L
Points 128 [Total 154] Ratings 0 Comments 128 Invitations 0 Offline
S
L
Points 127 [Total 1479] Ratings 1 Comments 117 Invitations 0 Online
S
L
Points 117 [Total 143] Ratings 6 Comments 57 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.