3 years ago

What is a business monopoly

2 answers:

8 0

A monopoly is a situation in which a single company or group owns all or nearly all of the market for a given type of product or service.

Semenov [28]3 years ago

5 0

A business monopoly is where one business dominate/accounts for 100% of the market. There are many buyers but one seller, high barriers to entering/exiting the market, and the business is a price setter

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