Question

why do monopolies emerge​

Answer 1

$\underline{The \ Monopoly \ Market \ arise \ due}$
$\underline {to \ the \ following \ reasons :-}$

1. $\red{Government \ licensing}$ for the producers or $\red{Government \ control}$ over the firm.

2. $\red{Patent \ rights}$ for the firms and by this right no other firm can produce the same goods.

3. The competitor firms make $\red{Cartels}$ so as to discard competition between them and having coordinating policies of production.

4. Sometimes, the countries have $\red{Gift \ of \ Nature}$ like petroleum or any other natural resources.

$\small{One \ example \ of \ the \ Monopoly \ Market \ is \\ OPEC \ (Organisation \ of \ Petroleum \\ Exporting \ Countries)}$