Economy, asked by bhawnasharma67, 1 year ago

what is monopoly market?

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Answers

Answered by adrscjj2469

Explanation:

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.

Answered by Anonymous

Answer:

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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.

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