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27-10-2020
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What is a monopoly?

a system in which people earn wages and buy the goods and services they choose

a market that has only one seller of a product, and the seller can influence the price of the product

a business owned by many people called stockholders

a market that relies on the trading of goods and services without the use of money

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SerissSkyee3 SerissSkyee3

27-10-2020

Hey :)

A monopoly is a market that has only one seller of a product, and the seller can influence the price of the product

Another definition is: A monopoly is a market structure characterized by a single seller, selling a unique product in the market

Hope this helps!

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