Презентация на тему A monopoly is a market envir onment where there is only one provider of a certain economic good or service

one provider of a certain economic good or service.

effect, each of the following characteristics would typically be

evident:
1.A sole provider of a viable product or service.
2.A lack of any close substitutes for consumers to choose from.
3.High barriers to dissuade the entry of any potential competitors.

are largely determined by the competing market forces of supply and

demand. Buyers and sellers both exert an influence over prices, and this eventually results in a state of equilibrium.

or provider has absolute control over the supply that

is released into the market, giving that particular provider the ability to dictate prices. In the absence of any competition, the lone seller is free to keep prices artificially high, without fear of being undercut by another provider. Obviously, such a scenario is usually highly unfavorable for consumers, as it gives them no recourse to seek alternatives that might force prices lower.