write the features of monopoly?
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One Seller and Large Number of Buyers: The monopolist's firm is the only firm; it is an industry. ...
No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist. ...
Difficulty of Entry of New Firms: ...Monopoly is also an Industry: ...
Price Maker:...
Hope this helps!!..
No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist. ...
Difficulty of Entry of New Firms: ...Monopoly is also an Industry: ...
Price Maker:...
Hope this helps!!..
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We may state the features of monopoly as:
One Seller and Large Number of Buyers: The monopolist's firm is the only firm; it is an industry.
...No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist.
...Difficulty of Entry of New Firms:
...Monopoly is also an Industry:
...Price Maker:
One Seller and Large Number of Buyers: The monopolist's firm is the only firm; it is an industry.
...No Close Substitutes: There shall not be any close substitutes for the product sold by the monopolist.
...Difficulty of Entry of New Firms:
...Monopoly is also an Industry:
...Price Maker:
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