Business Studies, asked by kabir9286, 5 months ago

What is monopoly? What are its characteristics?

Answers

Answered by Anonymous

A monopoly market is characterized by the profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination.

Answered by triptishukla996

Answer:

the control of an industry or service by only one company a type off good or a service that is controlled in this way.

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