Logical Reasoning - Essential Part - Discussion
Discussion Forum : Essential Part - Type 1 (Q.No. 8)
Directions to Solve
Each question has an underlined word followed by four answer choices. You will choose the word that is a necessary part of the underlined word.
8.
monopoly
Answer: Option
Explanation:
The essential part of a monopoly is that it involves exclusive ownership or control.
Discussion:
16 comments Page 1 of 2.
Shanaya said:
1 decade ago
Monopoly exists in market when there is number of buyers and seller is one. There is no competition in the market. Because buyers are many then a seller can charge cost of the product at high rate.
Nagnaga said:
1 decade ago
Whatever answer (option) you given is d meaning of d question (monopoly). Then it doesnt mean that it is a necessary part of d monopoly.
Upender Singh Rajput said:
1 decade ago
'monopoly'means number of buyers and seller are one in the market. So I think'exclusive' is not right?
(1)
Sundar said:
1 decade ago
Monopoly - The exclusive possession or control of the supply or trade in a commodity or service.
Sachin Nirmal said:
1 decade ago
Monopoly means not allowing other or no other option other than what we get ?
Pavan said:
9 years ago
Monopoly means single seller and more buyers and there is no competition.
(1)
Vikas said:
10 years ago
Monopoly means exclusive (individual Right) control on commodity market.
(1)
Visva said:
7 years ago
What connection between monopoly and exclusive?
(1)
Anusha said:
1 decade ago
I want clarity about monopoly and exclusive
Shaista said:
9 years ago
You are right and I agree with you @Pavan.
(1)
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