Respuesta :
For many years, the international nickel company essentially operated as a monopoly. it had almost exclusive control of the world's supply of nickel ,utilized to make nickel products made this company a monopoly loading.
What is Monopoly?
A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces. A market arrangement known as a monopoly has just one seller or producer.
A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market. Monopolies may result in dishonest business practices.
A market arrangement known as a monopoly consists of a single seller who has complete authority over a good or service. The prefix polein, which comes from Greek and means "to sell," and the word mono both indicate single or one. Therefore, "monopoly" literally means "one vendor."
Hence, For many years, the international nickel company essentially operated as a monopoly. it had almost exclusive control of the world's supply of nickel ,utilized to make nickel products made this company a monopoly loading.
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