Social Sciences, asked by basavarajmishennavar, 6 months ago

meaning of monopoly

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Answered by Tsubhiksha

Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. ...

Answered by aishu2903

Answer:

Possession or control on trade

Explanation:

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