0 votes
518 views
in Business Studies Form 3 by
Outline four features of monopoly structure of market

3 Answers

0 votes
by
  1. One supplier for entire market
  2. Commodity has no close substitute
  3. Difficult of entry into the market by other firms
  4. Prices are fixed by supplier
  5. Price discrimination is possible
0 votes
by
Prices are stable 
Prices can be discriminated
Few or no firms produce similar products
Only firm that produce such type of product
0 votes
by
One seller many buyers
Low quality of goods and services since there is no competition.
Welcome to EasyElimu Questions and Answers, where you can ask questions and receive answers from other members of the community.

6.4k questions

9.6k answers

6 comments

590 users

...