Question

Please help !! Which of the following BEST describes a monopolistic market structure?

A.
a single seller and multiple buyers
B.
a single good and multiple sellers
C.
a single buyer and a single seller
O
D.
a single seller and a single good

Answer 1

D because monopoly means there is only one company who produced the product that no one else does . And it’s illegal to do that

Answer 2

a.) single seller and multiple buyers

Step-by-step explanation:

Monopoly means you can get your goods (whatever it may be) only from one source thus it's a Monopoly and can dictate prices and therefore stifle competition.