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Old 06-27-2017, 12:03 PM  
SpicyM
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Join Date: Aug 2006
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Definition of Monopoly:

A pure monopoly is defined as a single seller of a product, i.e. 100% of market share.

In the UK a firm is said to have monopoly power if it has more than 25% of the market share. For example, Tesco @30% market share or Google 90% of search engine traffic.



Monopoly | Economics Help

This is for UK but such laws are everywhere.
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