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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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American tobacco was not the first monopoly in history. The concept of monopolies dates back to ancient times, with examples such as the Roman Empire's control over various goods and services. In the United States, the American Tobacco Company, formed in the late 19th century, became a notable monopoly in the tobacco industry, leading to antitrust actions in the early 20th century. However, it was preceded by other monopolistic practices in different sectors and regions.


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Although it guaranteed Virginia farmers a monopoly on the English tobacco market, they were denied the profits of direct sales to Spain and other European countries.


Does the term 'Night Riders' have something to do with American History?

See the article sited: http://en.wikipedia.org The Night Riders were protesting the tobacco monopoly of the company in that area of the South.


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There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.


What explains the meaning of monopoly?

The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product., Exclusive possession; as, a monopoly of land., The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.


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Jane has a monopoly in that area. Mary has a monopoly of banks.


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