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2 January, 10:46

Which of the following is a characteristic of a monopoly market?

single seller competition in the short run

numerous close substitutes for the product or service

minimal barriers to entry and exit

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  1. 2 January, 14:32
    0
    single seller competition in the short run

    Explanation:

    because Monopoly is considered a product maximizer so it can't be minimal and it most definitely is not close substitute for their products and services
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