What is a monopoly?
Monopoly- exclusive control by one group of the means of producing or selling a commodity or service.
Answered by Daniel O. -
Older Answers
Your answer is 1 | noun | (economics) a market in which there are many buyers but only one seller 2 | noun | exclusive control or possession of something. Src: Wolfram|Alpha
Answered -
Monopoly means "exclusive control of a commodity or service in a particular market." ChaCha!
Answered by Christopher C. -
A Monopoly is exclusive ownership through legal privilege, command of supply, or concerted action. Thanks for using ChaCha!
Answered by Monica A. -
Exclusive control by one group of the means of producing or selling a commodity or service: "Monopoly frequently ...(more)
Answered by Jenna T. -
A monopoly is when there is only one firm that provides the overwhelming majority of sales of a product! "MORE"
Answered by Laura R. -
In Economics, a monopoly exists when a specific individual or enterprise has sufficient control over a particular product or MORE?
Answered by Christopher S. -
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