Social Sciences, asked by sudagonimaheshsudago, 7 months ago

could you support monopolistic by europeans?

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Answered by gurmeetkulria2008

4

Answer:

What Is a Monopolistic Market?

A monopolistic market is a theoretical construct that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. In a purely monopolistic model, the monopoly firm can restrict output, raise prices, and enjoy super-normal profits in the long run.

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