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What are the market characteristics of monopoly

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Reference no: EM131491791

"Owning the Market" Please respond to the following: 

  • What are the market characteristics of Monopoly. List at least two.
  • Identify a company in your local or generalized area that you would classify as a monopoly (do not use Walmart here). Explain the key reasons why you classified the company as a monopoly.
  • Is Walmart a monopoly or a monopsony? Why?

Reference no: EM131491791

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