What Is a Geographic Monopoly?


Geographic monopoly can be defined as a control of a particular commodity or services in a market that is located at a specific place. Geographic monopoly arises due to lack of other stakeholders who are willing to bring such services and control them.
Q&A Related to "What Is a Geographic Monopoly"
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example
A [Geographic] Monopoly is exclusive control of a commodity or service in a
cable companies?
Your business corporation should NOT own your house. Such ownership would give your business creditors access to your home equity. Also keep in mind that you cannot create business
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