Hat is a monopoly? A monopoly is A. a firm in a competitive market with many other sellers. B. a firm in a market with a small number of independent firms that compete. C. a firm that is the only seller

Hat is a monopoly?

A monopoly is
A.
a firm in a competitive market with many other sellers.
B.
a firm in a market with a small number of independent firms that compete.
C.
a firm that is the only seller of a good or service that does not have a close substitute.
D.
a firm in a market with other firms that sell similar but not identical products.
E.
a firm that is the only buyer of a factor of production.

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