Question

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

Answer 1

(c) There is only one seller in the jcmivivarke

Answer 2

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