Monopoly is a market structure in which there is a single seller, there are no close substitutes for the commodity it produces and there are barriers to entry.
KeywordsMarket Demand Demand Curve Supply Curve Normal Profit Pure Competition
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Unable to display preview. Download preview PDF.
© A. Koutsoyiannis 1975