Economy, asked by jamchachar2, 1 year ago

How Monopoly arises?​

Answers

Answered by ᏕɱartYᎶᴜʀɭ
3

Explanation:

A firm is a monopoly if it is the sole seller of its product an if its product does not have close substitutes. The fundamental cause of monopoly is barriers to entry: other firms cannot enter the market and compete with it.

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