Which is a condition for existence of monopoly? Options: A . &nbspBig size B . &nbspIdentical product C . &nbspAbsence of government taxes D . &nbspNo close substitute

Which is a condition for existence of monopoly?

Question

Which is a condition for existence of monopoly?

Options:

A . Big size

B . Identical product

C . Absence of government taxes

D . No close substitute

Answer: Option D

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Question 1. Under which of the following forms of market structure does a firm have no control over the price of its product?....

Question 2. When price elasticity of demand for normal goods is calculated, the value is always....

Question 3. If the demand for a commodity is inelastic, an increase in its pice will cause the total expenditure of the consumers of....the total expenditure of the consumers of the commodity to

Question 4. In case of monopoly....

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Question 8. The situation of monopolistic competition is created by....

Question 9. Demand is a function of....

Question 10. In case of perfect competition in the market....

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