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Question
Identify the market form for the item given below:
A single seller
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Solution
The market form where there is a single seller is called a monopoly.
RELATED QUESTIONS
Marginal revenue of a firm is constant throughout under:
Indian Railways is an example of ______.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
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