1) what is monopoly market. a) A condition where the quantity demanded is greater than the quantity supplied at the market price. b) A market structure where one seller or producer is the sole supplier of a good or service in a market. c) None of the above d) A game 2) What is a characteristic of monopoly market? a) Profit maximizer b) Single seller c) Price maker d) High barriers to entery e) All of the above 3) Can monopolies be inefficient and less innovative over time? a) Yes b) No

Monopoly

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