Examlex
In a functional organization workers can learn readily from others in their discipline and keep their skills sharp.
Monopoly Power
The exclusive control or significant influence over a market by a single company, allowing it to restrict competition and dictate prices.
Price Discriminating
It involves charging different prices for the same product or service to different consumers, based on the willingness to pay, often to maximize sales and profits.
Pure Monopolist
A single seller in a market that produces a unique product without close substitutes, controlling the market price.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
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