10/16/2023 0 Comments Monopoly meaning![]() This implies the existence of only one seller of a commodity with barriers to entry of others. In this situation, only one firm or a group of firms that are combined has control over the supply of the product. ![]() Joining the two words means the single seller. Mono stands for single while Poly stands for the seller. The word monopoly is derived from two words, Mono and Poly.
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