question archive The industries that are mostly under monopoly are the luxury goods industries where the sellers can ask any amount of money for the goods like paintings that are sold for huge amounts
The industries that are mostly under monopoly are the luxury goods industries where the sellers can ask any amount of money for the goods like paintings that are sold for huge amounts
Subject:EconomicsPrice: Bought3
The industries that are mostly under monopoly are the luxury goods industries where the sellers can ask any amount of money for the goods like paintings that are sold for huge amounts.The government doesnot let the sellers charge more than the cost of production in case of necessary goods and hence perfect competition prevails in the necessary goods industry.
