Speciality of Monopoly competition:
(a) There are many sellers in market.
(b) There are two-four sellers in the market.
(c) There is only one seller in the market.
(d) None of these
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(c) There is only one seller in the jcmivivarke
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There is only one seller in the market of monopoly competition.
What are the characteristics of monopoly competition?
- In monopoly competition, there is no competition in the market, and a single person controls the market
- It determines the price of the product but does not determine its quantity
- Other sellers are not entering this market because only one person controls all the outputs of the company
- This market uses various technologies for the production of goods
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