what is monopoly rights
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Answer:
Hey Buddy here's ur answer
A privilege granted by an authority to a person or entity to exclude all others from using, producing or selling a certain invention, product or service.
The bid poses the biggest challenge so far in an industry still dominated by companies that have long enjoyed monopoly rights .
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Explanation:
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. ... He enjoys the power of setting the price for his goods......h
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