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Title Monopolies and oligopolies
Authors Bilolyubskiy, S.
ORCID
Keywords monopoly
монополія
монополия
oligopoly
олігополія
олигополия
Type Article
Date of Issue 2016
URI http://essuir.sumdu.edu.ua/handle/123456789/45912
Publisher Sumy State University
License
Citation Bilolyubskiy, S. Monopolies and oligopolies [Текст] / S. Bilolyubskiy; EL Adviser S.V. Podolkova // With Foreign Languages to Mutual Understanding, Better Technologies and Ecologically Safer Environment : матеріали Х Всеукраїнської науково-практичної конференції студентів, аспірантів та викладачів лінгвістичного навчально-методичного центру кафедри іноземних мов, м. Суми, 24 березня 2016 р. / Відп. за вип. Г.І. Литвиненко. - Sumy : Sumy State University, 2016. - P. 83-84.
Abstract A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit.
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