Monopoly Monopoly-market in which there is only one seller

Monopoly

Monopoly-market in which there is only one seller.

• Monopoly-market in which there is only one seller.

Monopolistic enterprises must satisfy all potential buyers of certain goods within a given market, and therefore identified with the enterprise sector. In a broad sense monopoly - is a situation in which sellers (producers) is so small that each of them can influence the total supply and price of products sold.

The main characteristics of pure monopoly are:

• The main characteristics of pure monopoly are:
• no perfect substitute product for company-monopolist;
• inability to market entry of other companies;
• a large number of buyers on the market;
• perfect awareness of prices of goods physical signs and other parameters of the market