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What is tobacco monopoly?

Updated: 12/24/2022
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12y ago

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A monopoly is a business who makes unique products and have very little to no competition because of it. Apple is a monopoly because only Apple manufactures the iphone, ipad, and iTunes. Although people try to compete, no one can make the exact product but Apple.

I don't know of a tobacco monopoly but I guess Newport is the closest thing, followed by Marlboro, of course.

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