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Business, 03.04.2020 16:08 mollywolly99

Which of the following is a characteristic of a monopoly?

a) There are no barriers to entry in an industry.
b) A firm is one of many firms in its industry.
c) A firm has very little market power.
d) A single firm produces all of the output in the market.

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Which of the following is a characteristic of a monopoly?

a) There are no barriers to e...
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