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_____ is the part of the total sales held by one seller.

For example, a monopolist holds 100 percent of total sales. Market...

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_____ is the part of the total sales held by one seller.

For example, a monopolist holds 100 percent of total sales.
Market share Tariff Price controls

Answer

Market share is the part of the total sales held by one seller.
For example, a monopolist holds 100 percent of total sales.
The 100 percent refers to the market share.
In a monopoly, only one business has the good or service that is being offered in the market.
Thus, consumers have no other choice but to purchase said good or service from the monopolist.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 27 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 36 views.

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