amanda491 amanda491

01-05-2024
Business

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Introductory paragraph on monopolies explaining the concept of monopoly

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gogoikashpiyana gogoikashpiyana

01-05-2024

A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or a sector. Monopolies are discouraged in free-market economies as they stifle competition and limit consumer substitutes.

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