question archive Monopoly is characterized by A
Monopoly is characterized by A
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Monopoly is characterized by
A. unique products.
B. market entry or exit that is difficult or impossible.
C. non-price competition not necessary
D. all of these
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D. all of these
Monopolises have no competition with other firms since their product is unique meaning there are no need for non- price competition measures. They create barriers to entry and exit since they are the only ones producing unique commodities.
