Monopsony: related pages
Monopoly A market in which there is only one supplier of a product or service.
Natural monopoly A monopoly that arises from the nature of the industry, rather than being imposed by law or resulting from anti-competitive practices.
Oligopoly Where an oligopoly exists, a few large suppliers dominate the market resulting in a high degree of market concentration.
Duopoly A market dominated by two suppliers to the extent that they jointly control prices.
Barriers to entry Anything that makes it difficult for a new entrant to break into a market.
Network effects Effects which cause the value of a product to its consumers to increase if it is more widely used.
Bundling The practice of supplying two separate products together, so buyer who only want one, must buy both.
Cartel A group of firms acting together to restrict prices. Most commonly, a group of producers agree not to sell below a given price to give themselves monopoly pricing power.
Copyright Graeme Pietersz © 2005-2019
