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प्रश्न
Which market structure is described when there is only one producer with no close substitutes and high control over price?
पर्याय
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
MCQ
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उत्तर
Monopoly
Explanation:
A monopoly exists when a single seller produces a product with no close substitutes and enjoys strong power to set the price.
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