Question

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Explain⤵️

Monopolies. In sector of

✴️ E - COMMERCE ✴️

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Answer 1

Answer:

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

Description: In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods. All these factors restrict the entry of other sellers in the market. Monopolies also possess some information that is not known to other sellers.

Characteristics associated with a monopoly market make the single seller the market controller as well as the price maker. He enjoys the power of setting the price for his goods.

Answer 2

annyeonghaseyo

chingu :)

answer:

monopology in e- commerce :-

• Amazon has been one e-commerce business that has been placed in the spotlight.
• However, the defense on Amazon’s side has been the fact that they control only 33% of the e-commerce sector.
• therefore, they are not a monopoly. So far they have not done anything illegal for lawmakers to come after them.
• Walmart is one of the largest competitors that Amazon has in the e-commerce sector.
• They have been steadily growing their e-commerce sales over the past couple of years. Walmart unlike many of Amazon’s competitors has huge investment backings and a larger revenue than Amazon.