They find that PWYW can be viable on a monopolistic market, but is less successful as a competitive strategy because it does not drive traditional posted-price sellers out of the market.
12.
Two things traditionally have kept prices in check in potentially monopolistic markets : government ownership or regulation, and restraint by businesses themselves out of fear of government involvement . . ..
13.
Creative destruction is a powerful economic concept because it can explain many of the dynamics or kinetics of industrial change : the transition from a competitive to a monopolistic market, and back again.
14.
In a monopolistic market, one or several firms can make the large investment necessary, and in turn provide a large enough percentage of the output to cover the costs of their large initial investment.
15.
Patrick Murphy, an aviation industry expert for the Department of Transportation, told a Senate subcommittee that many people living in small cities that are connected to only one " hub " airport face a nearly monopolistic market.
16.
Specifically in response to systems of pricing that capitalise on the dependency of one market entity upon another, such as monopolistic markets in which the supplier is a price maker and consumers assume the role of price taker.
17.
"The relatively small number of banks, absence of new entry over many years, the large interest spreads and record profits suggest a degree of monopolistic market power, " states the IMF in a report prepared earlier this year on the financial sector in this twin-island Caribbean nation just off the coast of Venezuela.
