If close substitutes are available that have only slight product differentiation,a firm can still be a monopoly.

Name: If close substitutes are available that have only slight product differentiation,a firm can still be a monopoly.
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A firm cannot be considered a monopoly if close substitutes are available, as the presence of close substitutes implies that the firm faces competition and does not have the market power typically associated with a monopoly.

If Close Substitutes Are Available That Have Only Slight Product