Economy, asked by syedmustafaislam890, 7 months ago

What is monopoly system?

Answers

Answered by helplessboy

2

Answer:

total control over something... mostly trade

Answered by Kshitu73

12

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. ... He enjoys the power of setting the price for his goods.

hope it helps...... ❤️

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