In January 2025
Answer to Question #272707 in Economics for Nalyn
Examples of monopoly products in Ebay, Amazon and Lazada Philippines
In a monopolistic market, the product or service provided by the company is unique. There are no close substitutes available in the market.
Though Amazon or Ebay may be dominant on its platform, with a steady stream of entrants into the market, it still allows competition to occur.
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