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Which is the best definition of monopoly?

User Essayoub
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2 Answers

5 votes

Answer:

The answer is b

Step-by-step explanation:

User Slyfox
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6 votes

Answer:

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

User Cruceo
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