What is monopoly in economics? 660 viewsDecember 4, 2012Economics 0 Griffin December 2, 2012 0 Comments Which economic situation is the term monopoly exactly describes? Do you know some real world cases of monopolies and what was the legal implications in these cases? 1 Answer ActiveVotedNewestOldest 0 Rosado Posted December 2, 2012 0 Comments Monopoly comes from the two Greek words (alone and sell). So, the two words refer to the situation where there is only one seller in the market. Register or Login Search for:
