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Question : In which market firm, a market or an industry is dominated by a single seller?

Option 1: Oligopoly

Option 2: Monopoly 

Option 3: Duopoly

Option 4: Monopolistic competition


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Monopoly


Solution : The correct answer is M onopoly .

Monopoly is the market structure where there is just one seller or producer. A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market.

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