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  • Which of the following is a characteristic of pure monopoly?
Multiple choice

Which of the following is a characteristic of pure monopoly?

  1. Close substitutes

  2. Single seller

  3. Free entry and exit of firms

  4. Perfect information on the part of consumer

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Yes, it is the main characteristic of monopoly.

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