Which of the following is true under monopoly?

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Which of the following is true under monopoly? Pro

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Answer

Answer : 1) The answer is option a.

In monopoly market only one seller exist. Hence the monopolist
always charge high price on limited quantities which always create
positive profit even in long-run also. Therefore, option a is
correct.

2) The answer is option c.

Oligopoly firms always sell similar products or slightly
differentiated products. This is an assumption of oligopoly market.
Therefore, option c is correct.


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