Assertion: monopoly | /r/HasProperty | situation
Facets:
value: with all monopolies
type: OTHER
Source sentences:
text: "Monopsony" refers to the reverse of a monopoly - a situation where there is only one buyer that controls the market because it is the main purchaser of goods and services from sellers.
text: A monopoly is the situation when there is one only provider of a specific good or service.
text: This is because such monopolies by themselves, as is the case with all monopolies, have little incentive to charge prices close to cost and, rather, tend to charge profit-maximizing prices and restrict output.
text: Monopolies, monopsonies and oligopolies are all situations in which one or a few entities have market power and therefore interact with their customers (monopoly or oligopoly), or suppliers (monopsony) in ways that distort the market.[citation needed]
text: Monopolies, monopsonies and oligopolies are all situations where one or a few entities have market power and therefore must interact with their customers (monopoly), suppliers (monopsony) and the other firms (oligopoly) in a game theoretic manner - meaning that expectations about their behavior affects other players' choice of strategy and vis-a-versa.
text: Monopoly is the situation where an organization can regulate the price of products & services by creating various entry barriers for other players to cut the competition.