0
A monopoly is a market structure where a single seller or producer dominates the supply of a product or service, effectively eliminating competition. This allows the monopolist to control prices and supply levels, often leading to higher prices and reduced consumer choice. Monopolies can arise from various factors, including government regulations, resource ownership, or significant economies of scale. They are typically regulated to prevent abuse of market power and protect consumer interests.
What else can I help you with?
Related Questions
Trending Questions
Is it true that if you say bloody mary 3 times and yuo turn of the lights and you are in your house bathroom will she come out?
What dictator came to power in 1924 and ruled for thirty years?
Can Angela merkel speak English?
According to kipling why were imperialist motivated to take over other countries?
How did Jefferson's presidency help bring about southern dominance the federal politics?
Why blindbox ads are used to invite candidates?
What affect did the free soil party have on American politics?
What makes a political cartoon successful and effective?
Who is the Mayor of Carson CA?
What is the name of the current Grand Chief of the assembly of First nations?
Is isleworth a big place?
What one of these is not an example of how attitudes are formed?
How did Mary Mary end up with the same last name?
What is a hackeldom?
What four groups influence the bureaucracy?
What is communism government?
Awareness of fundamental duties of India?
Where did the constitution vest the judicial power of the United States?
The pluviose decree mandated the?
Why were most Russian rulers from the 15th century through the 20th century powerful dictators?
Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.