For 10 points, name this market structure in which there is only one seller.
This system scores 10,000 points on the Herfindahl index. It can be "coercive" or "natural," which is usually the case with utilities like electricity and water. This market structure often occurs due to high barriers to entry, and it leads to higher (*) prices due to lack of competition. For 10 points, name this market structure in which there is only one seller.
This system scores 10,000 points on the Herfindahl index. It can be "coercive" or "natural," which is usually the case with utilities like electricity and water.
monopoly