Economy, asked by mobilessearch9946, 1 year ago

Explain the features of Monopoly

Answers

Answered by palak9622

4

Answer:

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Explanation:

Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. ... The most significant distinction is that a monopoly has a downward sloping demand instead of the “perceived” perfectly elastic curve of the perfectly competitive market.

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