mention feature of market where price fall with rise in output
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The law of demand states that when the all other things are same, the quantity demanded of the commodity increases due to fall in price.
The market where price fall with rise in output, it is actually a . In this market there are following features :-
1. One seller and large number of buyers.
2. Restrictions on the entry of new firms.
3. No close substitutes.
4. Full control over price.
5. Price discrimination.
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