What are the Causes of monoply?
A monopoly exists when a firm has total control over a particularproduct or service. Its causes include, government policy orregulations, integration (when to business merge), ownership ofpatents large, high sunk costs/start-up capital, and predatoryactions by a company to exclude others. In addition, a governmentcan give legal monopoly power to some business throughnationalization or government awarded franchises and licenses.
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