How indian railway is a single seller a feature of monopoly?
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Indian Railway is a single seller a feature of monopoly because there is no close substitute available.
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A monopoly is a market that has a single seller. The word comes from monos, Greek for single, and polein, Greek for sell. This means that consumers have only one firm to purchase a good or service from. The Indian Railways firm is a state-owned railway transport provider that operates India's rail network.
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