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प्रश्न
Which market situation is called monopoly?
पर्याय
Many sellers and many buyers
One seller and many buyers with no close substitute
Few sellers producing close substitutes
Many sellers with product differentiation
MCQ
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उत्तर
One seller and many buyers with no close substitute
Explanation:
A monopoly is a market with a single seller who controls supply and offers a product with no close substitute.
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