Explain the types of Monopoly
Answers
Answered by
1
ANSWER
The types of monopoly are
- private monopoly
- public monopoly
- imperfect monopoly
- legal monopoly
- natural monopoly
- single monopoly
- discriminative monopoly
- Absolute monopoly
Answered by
3
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.
I hope you this answer will help you. and God bless you
Similar questions