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What makes a monopoly different?

What makes a monopoly different?

A pure monopoly is a single seller with 100% market share. In UK competition practice, about 25% can count as a working monopoly and 40% as a dominant monopoly, so real markets are judged by dominance as well as strict exclusivity.

3.4.5 Monopoly Lesson

  1. A Level
  2. /Economics
  3. /3.4.5 Monopoly