What is the difference between a geographic monopoly and a technological monopoly?

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asked Oct 27, 2017 19.4k views

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Fabrizia · Answer 1 · 2017-11-02T10:52:34+0000

Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.

What is the difference between a geographic monopoly and a technological monopoly?

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