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The basic purpose of supply chain management is to
Monopoly
A market structure dominated by a single seller, who has exclusive control over a product or service's price and supply.
Monopolist
A market participant that is the sole provider of a good or service, thereby controlling the market and having significant power over prices.
Highest Price
The highest price refers to the maximum price at which a product, asset, or service has traded during a particular period.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good suppliers are willing to offer for sale, holding all else equal.
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