term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
Monopoly
a firm that is the sole seller of a product without close substitutes
Natural Monopoly
a monopoly that arises because a single firm can supply a good or service to entire market at a smaller cost than could two or more firms
Price Discrimination
the business practice of selling the same good at different prices to different customers
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!