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siniylev [52]
3 years ago
8

Question help what is the definition of​ monopoly?

Business
1 answer:
Juliette [100K]3 years ago
8 0
Monopoly is a seller<span> that is selling a unique product in the market and in a </span>monopoly<span> market, the seller faces no competition. </span>
A firm that is a monopoly can ignore the actions of other firms. From the given option the following best describes monopoly:
<span>C: A monopoly is a firm that is the only seller of a product in a given industry.</span>
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