Answer:
1. new producers can easily enter into the market.
2.the product or service is unique or has no close substitutes.
Step-by-step explanation:
New producers can easily enter into the market. (True) - Long-term, it is fairly simple for new businesses to enter the market.
A small number of firms provide the good or service. (Wrong) Process of elimination.
The producer controls prices. (Wrong) - No company completely controls market prices.
The product or service is unique or has no close substitutes. (True) - Their goods and services are distinctive and remarkable in a monopoly market. For the goods and service, they have their unique concept and design. There is no substitute for such commodity in the company, and every unit of a product is similar.
Everyone has access to perfect knowledge and technology of how to make the product. (Wrong) - This wasn't fair at all. Businesses means business and you build your way to the top. This was highly competitive.
Hope this helps :)