History, asked by jayanthhk07, 8 months ago

what is the meaning of monopoly of trade???

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Answered by Anonymous

5

Answer:

Definition of 'Monopoly' 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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