Multiple Choice Questions with Single Correct Answer Question No. 11 • There is no difference between firm and industry in case of Answer A. pure monopoly B. O pure oligopoly Co duopoly D. O perfect competition Previous Save & Next
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Answer:
In a monopoly market,there is no difference a firm and industry. Hence,the given statement is true.
Explanation:
Monopoly is a specific type of market structure which consists of only single or one firm or company known as monopolist,selling a particular good or service to the consumers or buyers.
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