In 2019, Nolle Santos opened The Lit. Bar bookstore in the Bronx borough of New York City.

Question:

In 2019, Noëlle Santos opened The Lit. Bar bookstore in the Bronx borough of New York City. Her bookstore is the only one located in the Bronx, which has a population of about 1.5 million. Should the only bookstore in the Bronx, or any other city, be considered a monopoly? If so, why wouldn’t another entrepreneur have already opened a bookstore in the Bronx before Santos did?

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