Question

What is the meaning of monopoly​

Answer 1

Answer:

The exclusive possession or control of the supply of or trade in a commodity or service.

Explanation:

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Answer 2

Answer:

A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company

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