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13 July, 03:21

Explain an example of a Monopoly and how it was used in the industrial revolution?

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  1. 13 July, 05:49
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    A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, De Beers and diamonds, your local natural gas company
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