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प्रश्न
Define monopoly.
Define monopoly market.
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उत्तर
A monopoly is a market situation in which a single firm sells a commodity, and there is no close substitute for the commodity the monopolist sells.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
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| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
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