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| 1. |
What are the fetures of monopoly ? |
| Answer» <html><body><p></p>Solution :Following are the features of monopoly : <br/>Single <a href="https://interviewquestions.tuteehub.com/tag/seller-1200249" style="font-weight:bold;" target="_blank" title="Click to know more about SELLER">SELLER</a> and many buyers <br/> Noclose <a href="https://interviewquestions.tuteehub.com/tag/substitutes-1231649" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSTITUTES">SUBSTITUTES</a> <br/> Restriction on entry and exit of firms <br/> Price discrimination <br/> Price maker/Full control over price <br/> Downward <a href="https://interviewquestions.tuteehub.com/tag/sloping-7378327" style="font-weight:bold;" target="_blank" title="Click to know more about SLOPING">SLOPING</a> and less elastic demand <a href="https://interviewquestions.tuteehub.com/tag/curve-941741" style="font-weight:bold;" target="_blank" title="Click to know more about CURVE">CURVE</a> (AR).</body></html> | |