A monopoly is a market for a good or service that A. has few competitive firms B. is perfectly competitive C. has one buyer D. has one seller
History · High School · Mon Jan 18 2021
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D. has one seller
A monopoly is a market structure in which there is only one seller, and that seller is the exclusive provider of a particular good or service. In a monopoly, there is no competition, and the monopolist has significant control over the market, including the ability to set prices. This contrasts with perfect competition (option B), where there are many buyers and sellers with no single entity having control over the market.