Question

Explain the types of Monopoly​

Answer 1

ANSWER

The types of monopoly are

1. private monopoly
2. public monopoly
3. imperfect monopoly
4. legal monopoly
5. natural monopoly
6. single monopoly
7. discriminative monopoly
8. Absolute monopoly

Answer 2

Explanation:

Monopoly : monopoly means the right on the production and distribute of a commodity of a producer or a group of producer. in the state of monopoly producers have arbitrary behaviour regarding the price and the quality and availability of the good. as a result, they succeed in exploiting consumer.

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