3 years ago

Man someone help me what is a monopoloy and how does it function

Social Studies

2 answers:

astra-53 [7]3 years ago

7 0

Answer:

Explanation:

monopoly is a game or...

it is when only one company has the product. w/ no competition, the company can charge a high price. cuz' of that, govt usually regulates a monopoly on how much it can charge.

Grace [21]3 years ago

6 0

Answer:

Explanation:

Monopoly describes a market situation in which only one company controls the supply of a certain goods or service. There is no competition so the company can charge whatever price it wants. Because of that, government usually has rules and regulations for a monopoly.

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