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From course:

Economics A Level (DONEEEEEEE)

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Question:

What is a Monopoly?

Author: eric_galvao



Answer:

-In Economies, a Monopoly is a Market with just a Single Firm. The Firm has 100% Market Share (Pure Monopoly) -In law, a Monopoly is when a Firm has a Market Share of 25%. (Real Life Monopoly)


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