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Leeraytow Leeraytow
  • 18-05-2016
  • English
Answered

Examine transnet in terms of the characteristics of a monopoly

Verified Answer :

Anonymous Anonymous
  • 31-05-2016

Transnet is a concept in monopoly that allows the owner to sell varying products.
Monopoly in one sense, is a monopoly business is run by a single individual. The profit is taken by him alone. The amount of profit in a cartel is less than that in a monopoly. Different people believe in different concept of business. 

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