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What is the definition of monopoly?
A 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.
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Asked 4/29/2013 9:03:49 PM
Updated 2/26/2016 5:52:25 PM
1 Answer/Comment
Flagged by emdjay23 [2/26/2016 4:17:08 PM], Edited by yumdrea [2/26/2016 5:52:17 PM], Edited by yumdrea [2/26/2016 5:52:24 PM], Unflagged by yumdrea [2/26/2016 5:52:25 PM]
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A 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.
Added 2/26/2016 4:17:07 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [2/26/2016 5:52:26 PM]
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