What is monopoly system?
Answers
Answered by
2
Answer:
total control over something... mostly trade
Answered by
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...... ❤️
Similar questions