4886337
Description
Mind Map by Ashley Hay, updated more than 1 year ago
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Created by Ashley Hay
almost 9 years ago
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Monopoly
- barriers to entry
- patents
- economies of scale
- size of market
- exclusive ownership of raw material
- large capital investment required
- govt actions (tariffs, licences, etc)
- patents
- no close substitutes
- great deal of influence
- "price searchers"
- "price searchers"
- one seller
- controls info in market
- ex: small town store, garbage collection, concession stands
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