Ask Question
26 May, 12:28

A form of market structure studied by economists is monopoly. when is a firm aâ monopoly, or are monopolies only theoretical concepts that do notâ exist?

+1
Answers (1)
  1. 26 May, 12:32
    0
    A monopoly is when one corporation controls every aspect of the production say of a metal right from digging it out of the ground to putting it on the shelf for sale. With rampant globalisation it may be that a true monopoly is harder to find now but I believe that some companies or groups of companies still control the production, manufacturing and sale of some of the world's products.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A form of market structure studied by economists is monopoly. when is a firm aâ monopoly, or are monopolies only theoretical concepts that ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers