What is a monnopoly?

Anonymous

∙ 15y ago

Updated: 8/18/2019

A monopoly is where there is one seller and multiple buyers.

The business dominates over the others to make them close in order for the one business to make a profit and force people to buy from their store since the other stores left.

Wiki User

∙ 15y ago

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What is the definition of a monnopoly?

Someone or some company who has total control over an economic product. Such as one company providing all the drinking water to a city and no other company is able or permitted to contribute in a competitive business.

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