All of the following are characteristics of a monopoly EXCEPT:
A)There is only one seller in t...
Social Studies, 05.05.2020 06:44 kordejah348
All of the following are characteristics of a monopoly EXCEPT:
A)There is only one seller in the market, and only one product being sold.
B)Barriers to entry are very high.
C)The seller is forced to lower prices and increase supply because of competition.
D)The seller has strict control over the price of the product.
Answers: 2
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