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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Define Or Explain the Following Concepts Monopoly - Economics

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प्रश्न

Define or Explain the following  concepts

Monopoly

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उत्तर

Monopoly refers to a market structure where a single firm caters to the needs of a large number of buyers. The single firm itself is regarded as the industry. The entry of other firms is restricted in the monopoly market.

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2013-2014 (October)

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