One feature of pure monopoly is that the demand curve

Asked by admin @ 28/10/2021 in Business viewed by 297 People

One defining characteristic of pure monopoly is that: the monopolist is a price taker. the monopolist uses advertising. the monopolist produces a product with no close substitutes. there is relatively easy entry into the industry, but exit is difficult.

Answered by admin @ 28/10/2021

One defining characteristic of pure monopoly is that the monopolist produces a product with no close substitutes. A pure monopoly is a market structure where there is a single company that produces a product and there is not another company that produces a product remotely similar. Due to not having another substitute the company with the product that is the only one available becomes a pure monopoly.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2750 persons

One feature of pure monopoly is that the demand curve

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