A market with one seller, considerable influence over price, high barriers to entry, a homogeneous product, and non-price competition to allow for price discrimination is known as

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A market with one seller, high barriers to entry, considerable influence over price, and a homogeneous product is known as a monopoly, which allows for price discrimination through non-price competition. Perfect competition has many sellers, no barriers to entry, and a differentiated product. Monopolistic competition has many sellers, some barriers to entry, and a differentiated product. Oligopoly has a few sellers, some barriers to entry, and either a differentiated or homogeneous product.

A Market with One Seller, Considerable Influence Over Price, High