English, asked by TheUnknownLily, 1 month ago

What is the meaning of Monopoly ?

@ʙʀᴀɪɴʟʏ×ᴋɪᴋɪ

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Answered by vp1299316

89

Answer:

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. ...

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Answered by lakshaysoni01279473

1

Answer:

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. ...

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