What does monopoly mean

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asked Jul 22, 2021 233k views

2 Answers

Smoov · Answer 1 · 2021-07-22T22:20:18+0000

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.

What does monopoly mean

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