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That not what it's means to be a monopoly.
by microwavecamera 8y ago
That not what it's means to be a monopoly.
- xkbd 8y agoWhat is a monopoly?
- greenyoda 8y agoThis is the definition of a monopoly from Wikipedia: "A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity. ... Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit."[1] What's your definition? [1] https://en.wikipedia.org/wiki/Monopoly https://en.wikipedia.org/wiki/Monopoly