Answer:
Monopoly occurs when there is a no competition and business owners can set any prices for goods.
Explanation
A monopolistic market structure arises when a single entrepreneur dominates and controls the market for a given product and service.
Sometimes the state creates legal barriers to entry into the industry by granting exclusive rights to individual firms to manufacture and sell certain types of goods or services (licenses) or by granting patents that protect copyrights. In this case, it is about a closed monopoly, implying its legal protection from competitors.
In case of open monopoly, a firm may be the only seller if it enters the market with a completely new type of product or service. Competitors for this company will appear only after some time, during which the company will be a monopolist. This kind of monopoly is called open, because the company does not have any special protection against competition.
<span>The Buddha said people should live by the Eightfold Path which was meant to represent a Middle Way of living for Buddhists. This way of life was meant to be neither too strict nor too easy.</span>
Answer:
<h3>Hey there ! </h3><h3>Here is your Answer Buddy ! .</h3>
<u> </u><u>D </u><u>)</u><u> </u><u>The rise of a regional economy based on the production and export of cotton .</u>
- The economic situation of many African Americans in urban areas improved.
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<h3>Answer by Mich Candy Blush `|</h3>
A trader sailed 2,800 miles <span>to go from mombasa, africa, to calicut, to india</span>
The human population grew more and more quickly over Time.
