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QID: #4941
Solution for QID #4941: Which of the following is not a necessary characteristic of | StudyHelpMe
Which of the following is not a necessary characteristic of monopolies?
a) prices are set by the seller not the consumer.
b) there is just one firm in the role of seller.
c) the market is for a unique product without a close substitute.
d) the government plays a role in maintaining barriers to entry.
e) the seller has a high level of market power.
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