What conditions are required by a firm to form monopoly????plz tell me – InterviewSolution

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What conditions are required by a firm to form monopoly????plz tell me fast

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Three conditions characterize a MONOPOLISTICALLY competitive MARKET. First, the market has many firms, none of which is large. SECOND, there is FREE entry and exit into the market; there are no barriers to entry or exit. Third, each firm in the market produces a differentiated product.

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