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Ed Chapel · Answer 1 · 2017-07-18T06:56:22+0000

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

Eski · Answer 2 · 2017-07-23T04:32:54+0000

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.

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