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Question : The number of sellers in a monopoly market structure is

Option 1: few

Option 2: large

Option 3: one

Option 4: two


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: one


Solution : The correct answer is one.

A single seller or company controls the entire market for a specific good or service under a monopoly market system. There are no close substitutes for this product that are readily available to customers, and this one company has sole control over its manufacturing and delivery.

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