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Which market structure has a single company or seller in a market with many barriers to entry?

A. Oligopoly
B. Perfect competition
C. Monopoly
D. Monopolistic competition

2 Answers

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the answer is C. Monopoly
User Dima Spivak
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The question is asking which market structure has a single company or seller in a market with many barriers to entry and the answer is C. Monopoly. A monopoly is a situation where only one company has a chance to sell their products. Think for example about a national post company that is the only company that has the right to enter people's houses and access their mailbox- this is an example of a monopoly.