Economy, asked by zeba786, 1 year ago

What is monopoly? Explain its feature

Answers

Answered by toshikhaverma07
2

Answer:

monopoly refers to the market structure in which there is single seller and large no of buyers

features are:

1 single seller

2 large no of buyers

3 imperfect knowledge

4 homogeneous product

5 higher prices lead to higher profit

Explanation:

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