Question

takes place when a monopolist has monopoly in
the home market and faces competitive world market.
OPTIONS
a.
Lumping
b.
Pumping
Dumping
d.
Jumping​

Answer 1

Answer:

What Is a Monopolistic Market?

A monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. In a purely monopolistic model, the monopoly firm can restrict output, raise prices, and enjoy super-normal profits in the long run.