Economy, asked by PragyaTbia, 1 year ago

Distinguish between Natural monopoly and legal monopoly.

Answers

Answered by tanu5289
0
Monopoly is a condition in which one business controls the production and price of a specific item. This is generally considered against the law in most countries because it eliminates competitors that can produce substitutes at a lower price. There may be some cases in which a monopoly is unavoidable.
Similar questions