Economy, asked by enocktopno069, 5 months ago

what is monopoly power

Answers

Answered by tahashintaj

Explanation:

Monopoly power occurs when a firm has a dominant position in the market. A pure monopoly is when one firm has 100% of the market share. A firm might be considered to have monopoly power with more than 25% market share. The main benefits of monopolies include.

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Answered by alshifasaificlass8

A monopoly powers refer to when a company and its products offering dominant a sector or industry

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