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What is the term for a market structure with a single seller? (2023)

Practice Questions

1 question
Q1
What is the term for a market structure with a single seller? (2023)
  1. Monopoly
  2. Oligopoly
  3. Perfect competition
  4. Monopolistic competition

Questions & Step-by-step Solutions

1 item
Q
Q: What is the term for a market structure with a single seller? (2023)
Solution: A monopoly is a market structure where a single seller controls the entire market for a product or service.
Steps: 0

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