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Answer to Question #234593 in Microeconomics for rose
Question #234593
- A monopoly is a A. single seller of a product that has no close substitutes.
- B. single buyer of raw materials.
- C. small group of producers with similar products.
- D. large number of producers each with a small share of the total market output.
Expert's answer
A monopoly is a single seller of a product that has no close substitutes.
So “A” is the correct option for this.
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