What is the difference between a monopoly and a competitive market?
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In a monopoly, one company rules the game, like having the only ice cream stand in town. In a competitive market, it's an ice cream street with many vendors hustling for your scoop, offering variety and keeping prices in check.
In a monopoly, one company rules the game, like having the only ice cream stand in town. In a competitive market, it’s an ice cream street with many vendors hustling for your scoop, offering variety and keeping prices in check.
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