What are the Features of Monopoly Market?
Single seller or producer has total control over the In Monopoly market. There is only one seller or producer of the product.
- In Monopoly Market, The seller can be set the supply & Price can gain high Profit.
- Monopoly Market structure is a single seller with Unique product in the Market.
- The Seller faces No Competition in Monopoly Market.
- Only one seller of a goods or services in Monopoly Market.
Examples of Monopoly Market:-
Monopoly MarketStructure is an Unique product & Single seller has complete Complete control over the product or Services, Here is some Examples of Monopoly Market Products.
- Electricity
- Gas
- Water
- Telephones
- Microsoft
- United State Postal service
- Railway
- Road
- Internet
- Hosting Platform
Monopoly Market Structure is many buyers and only one seller.