What is meant by monopoly?
Answer:
Answer
if you buy out all your competition you have a monopoly.then you can charge whatever you want, because people don't have aby choice where to but.
kinda like Microsoft
or wal mart
Related answers: - What is are monopolies? A monopoly is a form of market structure in which there is only one firm which produces a certain...
- What is monopolies? A monopoly is what every company/business wants but can be bad for society. Many democratic...
- What is Monopoly? What is monopoly? Monopoly is the exclusive possession or control over something. Actually,...
- What is meant by do what you can with what you have where you are? Well this is very simple to understand but to make it easier it just means to look around and see...
Can you answer these? 