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Which of the following is a characteristic of a monopoly market? single seller competition in the short run numerous close substitutes for the product or service minimal barriers to entry and exit
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5 votes
Which of the following is a characteristic of a monopoly market?

single seller competition in the short run
numerous close substitutes for the product or service
minimal barriers to entry and exit

User Thukaram
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1 Answer

5 votes

Answer:

single seller competition in the short run

Step-by-step explanation:

because Monopoly is considered a product maximizer so it can't be minimal and it most definitely is not close substitute for their products and services

User Sean Thompson
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