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21 October, 00:34

Which of the following is a characteristic of a monopoly? A. rising fixed costs B. a product without close substitutes C. one buyer D. rising average total costs

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  1. 21 October, 02:34
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    B

    Explanation:

    Monopoly operates in instances where a firm produces products that do not have close substitutes. Therefore, the firm can control the price, supply and market penetration.
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