Exists when the entire supply of a good is controlled by a single seller

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asked May 2, 2018 144k views

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Isaak · Answer 1 · 2018-05-08T19:53:23+0000

This is called a "monopoly" the goods in question are protected by a legal form to sell it's goods for a number of years, then either allow another company to produce the product, or sell it outright to a competitor.

Exists when the entire supply of a good is controlled by a single seller

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