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What is the meaning of monopolies?

Updated: 8/17/2019
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15y ago

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Monopoly is the control of a commodity or service in a particular market or the manipulation of prices. The control is exclusive.

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9y ago
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15y ago

A domination of a specific market to where there is no competition. The company with the monopoly would have total control over what the product is worth since there are no competitors.

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Q: What is the meaning of monopolies?
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