#1 Assignment help service provider

4.7/5 rating | 10,000+ happy students | Great tutors 24/7

Prices starting $9.5/page


Tag - Monopoly homework


Monopoly  A monopoly is a market structure in which there is only one producer/seller for a product. Monopoly is derived from Greek "monos" meaning 'alone' or 'single' and "polein" meaning to 'sell'. In other words, the single business is the industry. A monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit. Entry into such a market is restricted due to high costs or other impediments, which may be economic, [...]