What is monopoly?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter18: Long-term Debt Financing
Section: Chapter Questions
Problem 5BIC
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What is monopoly?

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In market, there are various types of market structures, monopoly is one of them.  Monopoly market has following characteristics such as only seller of specified goods and services.

 

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