In any industry, barriers to entry play a crucial role in determining competition and market dynamics. These barriers can be natural, legal, or strategic obstacles that prevent new businesses from…

A single seller market refers to a market structure where one company or entity has complete control over the supply of a product or service. This type of market limits…

Monopoly power refers to the ability of a single company to dominate a market, restricting competition and controlling prices. This often results in higher costs for consumers and reduced innovation.…