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    • Question : The number of sellers in a monopoly market structure is Option 1: few Option 2: large Option 3: one Option 4: two
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    Question : The number of sellers in a monopoly market structure is

    Option 1: few

    Option 2: large

    Option 3: one

    Option 4: two

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    Answer
    Answer (1)
    Team Careers360 20th Jan, 2024

    Correct Answer: one


    Solution : The correct answer is one .

    A single seller or company controls the entire market for a specific good or service under a monopoly market system. There are no close substitutes for this product that are readily available to customers, and this one company has sole control over its manufacturing and delivery.

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