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3.8.2 - Monopoly markets

Unit 3.8.2 - Monopoly marketsThis section of the Cambridge IGCSE (0455) Economics syllabus requires students to understand the characteristics, advantages, and disadvantages of monopoly.Note: market structure diagrams of monopoly are not required for assessment purposes.There is no universally accepted definition of a monopoly, and the legal definition can vary from country to country. However, in its most simplistic...

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