Question:
What is the number of sellers in a monopoly market structure?
What is the number of sellers in a monopoly market structure?
Updated On: June 02, 2025
- one
- two
- three
- more than ten
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The Correct Option is A
Solution and Explanation
A monopoly is a market structure characterized by a single seller or firm that dominates the entire market. This firm has significant control over the price and supply of the product or service, as it is the sole provider in the market. Monopolies typically arise when there are high barriers to entry or when a single firm can efficiently serve the entire market.
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