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Monopoly

A monopoly (from the Greek monos, one + polein, to sell) is when a product or service can only be bought from one supplier for a specific market. If other firms serve the market, they may be too small compared to the largest, thus allowing the large firm to have a lot of market power. A monopoly usually happens when there is no economic competition to produce the product or service and there is no available substitutes to the product or service.

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Monopolies And Anti-Competitive Markets: Crash Course Economics #25

Monopolies And Anti-Competitive Markets: Crash Course Economics #25
Food Theory: The TRUE Cost of Winning $1,000,000 at McDonald's (Monopoly)

Food Theory: The TRUE Cost of Winning $1,000,000 at McDonald's (Monopoly)
The Mathematics of Winning Monopoly

The Mathematics of Winning Monopoly
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