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Economics > Monopoly > Flashcards

Monopoly Flashcards

1
Q

Features of Monopoly Market

A

One business dominates
Unique products
Price market
Barriers to entry

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2
Q

Different types of Barriers to entry

A

Technology
Legal Barriers
Marketing budgets

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3
Q

Advantages of Monopoly

A

Innovation
EOS
Efficiency

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4
Q

Disadvantage of Monopoly

A
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Economics (7 decks)

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