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31 May, 13:22

Examine transnet in terms of the characteristics of a monopoly

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  1. 31 May, 13:42
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    Monopoly is a type of market in a microeconomic sense. Moreover, a cartel is a group of organization or people making the same product and fixing the price and the quantity of the production. They split the profit among themselves. This is also a kind of monopoly. It differs from monopoly in one sense and that is a monopoly business is run by a single individual. The profit is taken by him alone. The amount of profit in a cartel is less than that in a monopoly. Different people believe in different concept of business.
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