Classify each statement about types of market structure as either true or false. Monopolies produce differentiated products.

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asked Apr 26, 2021 223k views

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Mohammedshafeek C S · Answer 1 · 2021-04-29T20:47:50+0000

Answer: False

Step-by-step explanation:

Monopolies do not produce differentiated products, they produce unique products. This is because they are the only supplier of the goods in question and as such do not need to differentiate their goods to have a sales advantage.

Classify each statement about types of market structure as either true or false. Monopolies produce differentiated products.

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