Respuesta :
A government-granted monopoly, also known as a "de jure monopoly" or "regulated monopoly" in economics, is a type of coercive monopoly in which the government grants an individual or business the exclusive right to be
The only supplier of a good or service; potential competitors are forcibly barred from the market.
A market that is very competitive is referred to as a competitive market. There are many possible buyers and sellers, but none of them can individually affect market values.
Markets with Competition: Characteristics
Both independent buyers and sellers are prevalent.
substantial market liquidity
The market price, the price for the seller, and the price for the buyer are all determined by how demand and supply are balanced.
It prevents producers from charging a higher price than the market price because goods must be identical.
The effectiveness of market mechanisms cannot be impacted by outside interventions.
To know more about government-granted visit here :
https://brainly.com/question/1462248
#SPJ4
