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Pure monopoly describes market where

Economics
JAMB 1979

Pure monopoly describes market where
  • A. there are many sellers and a few buyers
  • B. goods are sold at different price
  • C. entry is not blocked, but no one cares to enter
  • D. a few sellers and one buyer exist
  • E. None of the above
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Correct Answer: Option E
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789