Explain the effects of east india company exploitative methods of asserting monopoly over trade
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One Seller and Large Number of Buyers: The monopolist's firm is the only firm; it is an industry. ...
No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist. ...
Difficulty of Entry of New Firms: ...Monopoly is also an Industry: ...
Price Maker:...
Hope this helps!!
No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist. ...
Difficulty of Entry of New Firms: ...Monopoly is also an Industry: ...
Price Maker:...
Hope this helps!!
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