Define the practices of firms in various markets such as perfect competition and monopoly

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asked Jan 5, 2019 191k views

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Nick Coons · Answer 1 · 2019-01-09T09:18:03+0000

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

Define the practices of firms in various markets such as perfect competition and monopoly

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