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Ques - How does a Monopoly …

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Ques - How does a Monopoly market structure arise?? Explain

Posted by Shivangi Goel 7 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 7 years, 6 months ago

Yes....i understand .....thanks

Unknown . 7 years, 6 months ago

1.Govt Licencing -It means that before a firm can enter an industry it needs to take permission from the govt.The govt may grant licence for the production of a particular commodity only to one producer in a particular region. 2.Patent Right - products or new technologies are legally patented. As a reward for risk and investment in research and development govt grant patent right to the companies. The period for which patent right are granted is known as patent life.3.Cartel- It is a formal agreement between two or more companies to avoid competition.... I hope it will be helpful for you.

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