All of the following are characteristics of a monopoly except :
(a) There is a.single firm.
(b) The firm is a price taker.
(c) The firm produces a unique product.
(d) The existence of some advertising.
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A monopoly market is characterized by the profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination.
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