Which of the following is NOT a characteristic of a monopoly?a.Single sellerb.Barriers to entryc.Limited market powerd.No close substitutes
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Solution 1
The characteristic that is NOT a feature of a monopoly is c. Limited market power. In a monopoly, the single seller or producer has significant market power, often allowing them to set prices and control supply. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to s
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