Monopoly is best defined as "the principle that states have the supreme authority within their territory."

Name: Monopoly is best defined as "the principle that states have the supreme authority within their territory."
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Monopoly is best defined as a market structure characterized by a single seller, selling a unique product in the market. The principle that states have the supreme authority within their territory is known as sovereignty.

Monopoly Is Best Defined as "The Principle That States Have