Economy, asked by sangteilianhna, 3 months ago

state three features of monopoly

Answers

Answered by Jasminexx15

1

Answer:

ᴍᴏɴᴏᴘᴏʟʏ ᴄʜᴀʀᴀᴄᴛᴇʀɪsᴛɪᴄs ɪɴᴄʟᴜᴅᴇ:

ᴘʀᴏғɪᴛ ᴍᴀxɪᴍɪᴢᴇʀ, ᴘʀɪᴄᴇ ᴍᴀᴋᴇʀ, ʜɪɢʜ ʙᴀʀʀɪᴇʀs ᴛᴏ ᴇɴᴛʀʏ, sɪɴɢʟᴇ sᴇʟʟᴇʀ, ᴀɴᴅ ᴘʀɪᴄᴇ ᴅɪsᴄʀɪᴍɪɴᴀᴛɪᴏɴ.

Answered by Rubesha

1

Explanation:

Price maker.
Profit maximizer.
High barriers to entry.
Single seller.
Price discrimination.

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