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16 July, 17:05

What does monopoly mean

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Answers (2)
  1. 16 July, 17:27
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    When 1 company has complete control over the supply/trade of a service/good/etc.
  2. 16 July, 18:35
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    A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
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