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MKT 100 (974)
Lecture

Monopolys

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Department
Marketing
Course
MKT 100
Professor
Marla Spergel
Semester
Winter

Description
Firms Market Position relative to its largest competitor (units) = Firms Units Largest Competitor Units A Monopoly is where there is a single supplier, such as an electrical utility who has control over price, quality and supply. An Oligopoly is a market dominated by a few suppliers such as the detergent industry or other industries
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