Monopoly can best be described as a market in which
ECONOMICS
WAEC 1996
Monopoly can best be described as a market in which
- 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
Correct Answer: A. A single seller sells a product which has no close substitute
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