Monopoly may be defined as a market situation where there is only one producer or supplier of a particular commodity that has no substitute and who has the power to influence the price of the commodity to his own favour. The commodity sold by a monopolist is usually differentiated.

Facebook Marketplace is a thriving hub for buying and selling goods within your local community. It's an innovative platform that allows individuals and businesses to showcase their products, respond to inquiries, and make sales. You can think of it as your neighborhood's digital flea market, where you can find...