Economy, asked by choudharyshovit, 7 months ago

how many sellers are they are there in Monopoly from the market

Answers

Answered by deeptimashal

Answer:

Explanation:Since there is only one firm selling the product, it becomes the price maker for the whole industry. The consumers have to accept the price set by the firm as there are no other sellers or close substitutes.

Answered by Anonymous

Answer:

Since there is only one firm selling the product, it becomes the price maker for the whole industry. The consumers have to accept the price set by the firm as there are no other sellers or close substitutes.

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