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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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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