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Monopoly Can Best Be Described As A Market In Which? - Erudites Academy

A. A single seller sells a product which has no close substitute
B. Few sellers sell a product s at different prices
C. The entry of other firms is restricted by the few firms in the market
D. Two or more sellers sell a product which is differentiated
E. a single buyer buys a product which has no close substitutes

Correct Answer:

Option A – A single seller sells a product which has no close substitute

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