History, asked by MehramaMahil, 1 month ago

What is monopoly ?

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Answered by ramudwivedi112

7

Answer:

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 market.

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