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What is a monpoly?

Updated: 4/26/2024
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Wiki User

12y ago

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Assuming you are not talking about the board game... A monopoly is when a business controls the market thereby unabling anyone to compete with them.

I.E. Every time someone made a new operating system, Microsoft would buy them out so that that person cannot compete against Microsoft.

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12y ago
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1w ago

A monopoly is a market structure in which a single company or entity controls the supply of a particular product or service, giving them significant market power. This can lead to limited competition, higher prices, and potentially lower quality or innovation for consumers.

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