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Answer to Question #226860 in Economics for Bea
Question #226860
- A monopoly is a A. single buyer of raw materials.
- B. large number of producers each with a small share of the total market output.
- C. single seller of a product that has no close substitutes.
- D. small group of producers with similar products.
Expert's answer
C. single seller of a product that has no close substitutes.
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#340153 on Dec 2023
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