Question

what is Monopoly of trade ? correct definition with respect to cbse board X will be marked as the brainliest with 5 star...quick...​

Answer 1

In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. Description: In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods.

Answer 2

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$\huge\underline\mathfrak\pink{ANSWER......!!!!!!}$

Monopoly of trade is defined as the trade in which as mostly a single seller sells the good in any area .

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