What is the monopoly ?
Answers
Answered by
2
Hey dude here is ur answer....
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market.
hope this helps you.....
@sharanaya@
Answered by
3
Complete control of the entire supply of goods or of a service in a certain area or market is called Monopoly.
Similar questions