Monopoly can best be described as a market in which
A.
A single seller sells a product which has no close substitute
B.
Few sellers sell a product s at different prices
C.
The entry of other firms is restricted by the few firms in the market
D.
Two or more sellers sell a product which is differentiated
E.
a single buyer buys a product which has no close substitutes
Correct Answer: Option A
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