हिंदी

In which market form is there a single seller and no close substitutes for the product?

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प्रश्न

In which market form is there a single seller and no close substitutes for the product?

विकल्प

  • Perfect competition

  • Monopolistic competition

  • Monopoly

  • Oligopoly

MCQ
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उत्तर

Monopoly

Explanation: 

A monopoly has a single seller, many buyers, no close substitutes and strong control over price, making the firm a price maker.

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