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A.
A single seller sells a product which has no close substitute
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B.
The entry of other firms is restricted by the few firms in the market
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C.
Two or more sellers sell a product which is differentiated
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D.
Few sellers sell a product s at different prices
Correct Answer: Option A
Explanation
A monopoly is a market structure characterized by a single seller, selling a unique product in the market. In a monopoly market,
the seller faces no competition, as he is the sole seller of goods with no close substitute. Hence, the correct answer is 'A single
seller sells a product which has no close substitute'.
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