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19 April, 11:39

What is monopoly market? Write its disadvantages?

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  1. 19 April, 14:44
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    a monopoly market is when you corner the market of a certain item and buy out competitors so you are the sole producer of that product.

    disadvantages are that they can raise the price of it so drastically that it could be 100 for a gallon of gas and because we need gas to operate cars; people will have no choice in the matter of cost.
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