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27 January, 16:14

What is a business monopoly

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Answers (2)
  1. 27 January, 18:38
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    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
  2. 27 January, 19:22
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    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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