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One of the characteristics of a monopolist is that, he can influence

Economics
JAMB 2014

One of the characteristics of a monopolist is that, he can influence

  • A. quantity produced by other producers
  • B. prices charged by other producers
  • C. both price and quantity
  • D. price or quantity
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Correct Answer: Option C
Explanation

 Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination.

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