Question

THE IMPORTANCE OF 'MONOPOLY' AS A DRIVING FORCE IN RELATION TO THE BRITISH EFFORTS TO POLITICAL DOMINATION IN INDIA

Answer 1

A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a ... In a monopolistic market no such supply relationship exists.