Multiple choice

The seller`s degree of control over the selling price is very considerable in          

  1. monopoly

  2. perfect competition

  3. monopolistic competition

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In monopoly, the seller can charge any price since there is no competition. In perfect competition and monopolistic competition, the firm has to compete with others to survive.

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