Aoccurs when there is a no competition and business owners can set any prices for goods.

Monopoly occurs when there is a no competition and business owners can set any prices for goods.

Explanation

A monopolistic market structure arises when a single entrepreneur dominates and controls the market for a given product and service.

Sometimes the state creates legal barriers to entry into the industry by granting exclusive rights to individual firms to manufacture and sell certain types of goods or services (licenses) or by granting patents that protect copyrights. In this case, it is about a closed monopoly, implying its legal protection from competitors.

In case of open monopoly, a firm may be the only seller if it enters the market with a completely new type of product or service. Competitors for this company will appear only after some time, during which the company will be a monopolist. This kind of monopoly is called open, because the company does not have any special protection against competition.

in 1897, pershing became a tactical officer at west point, and that's where he was given the nickname "black jack." pershing's first name is "john," for which "jack" is a nickname, and he was a white man who commanded black troops. hence "black jack".

due to inefficiency of management, the business plan has failed

idk what right product means but i assume it's this one since this was the last one left after i did the other three

the finance team has misjudged the requirement of business plan and chosen a wrong line of credit

operations risk is when the employees make a mistake

flash floods have damaged all machinery in the main manufacturing

natural disasters include anything ruined in the business by the weather or other disasters such as earthquakes

there have been foreign exchange rate fluctuations

economic risks is when things in the economy changes (like interest rates, currency value). the government has a large part in controlling this