Economy, asked by mohdshadman27, 11 months ago

what's monopoly and characteristics ?

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Answered by nilo342

1

Answer:

The four key characteristics of monopoly are: (1) a single firm selling all output in a market, (2) a unique product, (3) restrictions on entry into and exit out of the industry, and more often than not (4) specialized information about production techniques unavailable to other potential producers.

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