Which is the best definition of monopoly?

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asked Jan 8, 2022 10.9k views

2 Answers

Cruceo · Answer 1 · 2022-01-11T19:31:40+0000

Answer:

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.

Which is the best definition of monopoly?

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