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Outline four features of monopoly structure of market
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asked
Aug 25, 2021
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Business Studies Form 3
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anony mous
Outline four features of monopoly structure of market
product markets
types and features of a product market
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Aug 25, 2021
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anony mous
One supplier for entire market
Commodity has no close substitute
Difficult of entry into the market by other firms
Prices are fixed by supplier
Price discrimination is possible
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Dec 7, 2022
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0731310XXX
Prices are stable
Prices can be discriminated
Few or no firms produce similar products
Only firm that produce such type of product
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Mar 16, 2023
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0723972XXX
One seller many buyers
Low quality of goods and services since there is no competition.
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