________ refers to the market situations whether there is one seller and there is not close substitute to the commodity sold by the seller. | Faculties

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📊 Fundamentals of Economics

Q. ________ refers to the market situations whether there is one seller and there is not close substitute to the commodity sold by the seller.

(A) Perfect Competition
(B) Monopoly
(C) Oligopoly
(D) Monopolistic Competition

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✅ Correct Answer: (B) Monopoly

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