Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

A firm that holds a monopoly position in the market place is:.

Sagot :

chilljain33

A firm which enjoys the position of monopoly in the market is regarded as a monopolistic firm.

What is monopoly?

Monopoly is regarded as a situation, which a person enjoys by having the exclusive rights to sell such product in the market. There are no other competitors for such sellers in the market.

Due to zero competition and exclusive rights, the seller or such monopolistic firm enjoys pricing power in the market.

Hence, it can be said that a monopoly gives a firm a power to have exclusive selling rights for a particular product in the market.

Learn more about monopoly here:

https://brainly.com/question/5992626

#SPJ2

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.