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    Principles of Microeconomics Study Set 10
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    Exam 15: Monopoly
  5. Question
    Which of the Following Is Not a Characteristic of a Monopoly
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Which of the Following Is Not a Characteristic of a Monopoly

Question 425

Question 425

Multiple Choice

Which of the following is not a characteristic of a monopoly?


A) the seller has market power
B) one seller
C) free entry and exit
D) a product without close substitutes

Correct Answer:

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