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Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets3 Marks
Question
State three features of monopoly.
✓

Answer

  1. A single seller market.
  2. No close substitutes of the product.
  3. Barriers to the entry of new firms.

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