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What is Monopoly and what are its characteristics? Briefly explain.
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written 2.9 years ago by
prajapatijaimin
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Solution:
What is Monopoly?
It is a market structure in which there is only a single seller of the product. Here one firm is selling the product and has full control over the supply of the product e.g. the supply of electricity by the Rajasthan State Electricity Board or postage …
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