Answer: The answer is a single supplier of a good or service.
A monopoly is a market that has a single supplier of a good or service.
Explanation:
A monopoly market is a market where there is single seller selling a special or unique product. The seller has no competitor because he is the only seller of the products with no close substitute. In a monopoly market, the seller can restrict output, increase prices and enjoy normal profits.
A monopoly is a market that has a single supplier of a good or service in the market.
Monopoly could be discussed as a market competition that has only one seller who is providing goods or services to entire customers in the market. The sellers here deal with products that are unique with no close substitutes.
Therefore, It enables the monopoly sellers to have full control over their production and supply of goods such as the railway sector.
Learn more about the monopoly market here:
https://brainly.com/question/17001862
