Examlex
Discuss two disadvantages of e-commerce.
Monopolist
A single seller in a market with no close substitutes for the product or service, allowing for control over prices.
Non-discriminating Monopolist
A monopolist who charges a single price for its product to all consumers, regardless of market segment differences.
Marginal Revenue
It refers to the additional income earned from selling one more unit of a product or service.
Inelastic Portion
The segment of a demand curve where buyers are less responsive to changes in price, indicating that the quantity demanded changes little with a significant price fluctuation.
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