A firm may be deemed a monopolist, even though it is not the only seller in a market, because what matters is size in relation to the market.

Question

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A firm can be considered a monopolist if it has significant market power or a dominant market share, even if there are other smaller competitors in the market. This is because the firm's size and control over the market allow it to set prices or influence market conditions significantly.

A Firm May Be Deemed a Monopolist, Even Though It