Question

explain in detail the reasons for creation of monopolies in a country​

Answer 1

Answer:

In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. Description: In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods.

Answer 2

Monopolies county’s in a sense just for creation.