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Identify the feature of monopoly market from the following: - Economic Applications

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प्रश्न

Identify the feature of monopoly market from the following: 

विकल्प

  • A single seller

  • A single buyer

  • Homogeneous goods

  • Product differentiation

MCQ

उत्तर

A single seller

Explanation:

In a monopolistic market, one vendor controls the entire market for a specific product or service. As the market's alone provider, this seller has great control over pricing and supply.

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Market Structures
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अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३४]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 9. | पृष्ठ १३४
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