Question

Find the odd word out:

Features of monopoly: Price maker, Entry barriers, Many sellers, Lack of substitutes

Answer 1

Many sellers.

Explanation:

A monopoly market has only one seller controlling the entire supply of a product.

• Price maker, entry barriers, and lack of substitutes are all true features of monopoly.
• Many sellers are a feature of perfect competition, not monopoly; hence, it is the odd one out.