Economy, asked by avantikamude19, 11 months ago

what is monopoli?tell me with explanation​

Answers

Answered by rahul9490
1

Explanation:

1.

the control of an industry or service by only one company; a type of goods or a service that is controlled in this way

किसी उद्योग या सेवा-क्ष्‍ोत्र पर केवल एक कंपनी का नियंत्रण, एकाधिकार; इस रीति से नियंत्रित सामग्री या सेवा

The company has a monopoly on broadcasting international football.The company has a monopoly on broadcasting international football.

2.

the complete control, possession or use of something; something that belongs to only one person or group and is not shared

Answered by sahilthekicker
1

Answer:

Definition of 'Monopoly' 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.

Explanation:

A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.

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