Which of the following is not associated with the monopoly market structure?
A) many sellers
B) a single seller
C) a unique product
D) impossible entry into the market

Question

Quizplus · Accepted Answer

The monopoly market structure is characterized by a single seller controlling the entire market, a unique product or service, and high barriers to entry that prevent new competitors from entering the market. The presence of many sellers is a feature of a competitive market structure, not a monopoly.

Which of the Following Is Not Associated with the Monopoly