Question and answer
Monopoly?
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity (this contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few entities dominating an industry).
Expert answered|Wallet.ro|Points 16898|
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Asked 12/27/2014 8:24:45 AM
Updated 12/27/2014 9:49:02 AM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [12/27/2014 9:49:01 AM], Confirmed by yumdrea [12/27/2014 9:49:02 AM]
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Monopoly
Weegy: Monopoly is a situation in which a single company or group owns all or nearly all of the market for a given type of product or service. User: Which market consists of only two buyer (More)
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Updated 12/27/2014 9:08:22 AM
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