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Question : Which one of the following is not a feature of monopoly?

Option 1: Single seller of the product

Option 2: Heavy selling cost

Option 3: Barriers to entry of new firms

Option 4: Price discrimination


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Heavy selling cost


Solution : The correct option is Heavy selling cost .

Some features are:

  • Barriers to entry of new firms: Other sellers are unable to enter the market.
  • Price discrimination: There should be price discrimination. The monopoly changes the price according to what one needs.

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