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प्रश्न
Identify the feature of monopoly market from the following:
विकल्प
A single seller
A single buyer
Homogeneous goods
Product differentiation
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उत्तर
A single seller
Explanation:
In a monopolistic market, one vendor controls the entire market for a specific product or service. As the market's alone provider, this seller has great control over pricing and supply.
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संबंधित प्रश्न
In which type of market structure does no single firm have the power to influence the price and all firms are price‑takers?
Which market structure is described when there is only one producer with no close substitutes and high control over price?
What is the main feature of monopolistic competition?
In which market structure are only a few big sellers present, and each firm must consider the actions of rivals while deciding price and output?
What does market structure mainly explain about firms in a market?
