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The World of Economics Explained: What is a monopolist?
The World of Economics Explained: What is a monopolist?

The World of Economics Explained: What is a monopolist?

2 min • Business & Technology • 2018

Where there is a monopoly, competition is absent. Where a firm dominates a market, competition is curtailed. For consumers, that can mean rising prices and inferior quality. Competition authorities seek to maintain or restore competition to markets.
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