In fact, the term monopoly is used in economics for the degree of competition. If there is only one firm, organization, or industry selling a product in a market, then such a situation would be called monopoly.
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In fact, the term monopoly is used in economics for the degree of competition. If there is only one firm, organization, or industry selling a product in a market, then such a situation would be called monopoly.
3/🧵
Similar to just one person