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Answer : 3. "one"
What is the number of sellers in a monopolistic market structure?
5Q:
What is the number of sellers in a monopolistic market structure?
- 1very fewfalse
- 2very muchfalse
- 3onetrue
- 4twofalse
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Answer : 3. "one"
Explanation :
In monopolistic competition, you can find two and more sellers that compete with each other, whereas in a monopoly, there is only one seller.