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Orlov [11]
3 years ago
15

What is a business monopoly

History
2 answers:
Alexeev081 [22]3 years ago
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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