Monopoly is the study about structure in the market in which only one seller or producer work for a product. This study also provides the knowledge about pricing of that product as only it is set by a monopoly. The number of monopolies is not much, but if there is any producer or seller, then it is very much important for people. You need to know some important terms along with the exact market strategy. Hence, it is not as easy as you think. For an accurate assignment, you can easily select Monopoly Assignment Help.
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Some related situation is important to know about market strategy of the producer as well as how the product gets response from this market is also important. Some related factors like Patents, Natural Barriers, Legal barriers and also some small factors. Not only that, it has some other small factors too. Along with that, the producer has all power to set its price.
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