Justification of a monopolist, DSTV as an example.
What is a monopoly?
Monopoly is a market structure that consist of a single seller of a product, who at the same time have control over price of the product.
DStv as a monopolist is unique in terms of product offering hence have no close substitute. Here, Dstv has control over the market and entry to the market is blocked because of being the sole producer or seller of the product.
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