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Which market structure has a single company or seller in a market with many barriers to entry? A. Oligopoly B. Perfect competition C. Monopoly D. Monopolistic competition

Jennifer Patterson

in Business

1 answer

1 answer

Jeremy Wood on October 13, 2018

The question is asking for the structure of the market has a single firm or seller in a market with many barriers to entry and the response is C. Monopoly. A monopoly is a situation in which only one company has a chance to sell their products. Think, for example, on a national post company is the only company that has the right to enter the homes of the people and have access to their mailbox - this is an example of a monopoly.

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