What is the difference between a geographic monopoly and a technological monopoly?

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08-11-2016
Social Studies

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What is the difference between a geographic monopoly and a technological monopoly?

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gifty2 gifty2 · Answer 1 · 2016-11-09T20:26:44+01:00

gifty2 gifty2

09-11-2016

Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.

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