What Is a Geographic Monopoly?

Answer

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
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A [Geographic] Monopoly is exclusive control of a commodity or service in a
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cable companies?
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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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