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in Non-Competitive Markets by (27.3k points)
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Choose the correct answer 

a. In monopoly:

1. There are many producers 

2. There is no seller 

3. There is no buyer 

4. There is single seller

b. When two commodities are complementary to one another 

1. They may be jointly demanded 

2. They may be complementary goods 

3. They may be substitutes 

4. None of the above

c. Generally government x control price 

1. Equal to equilibrium price 

2. Less than equilibrium price 

3. More than equilibrium price 

4. None of these

1 Answer

+1 vote
by (25.6k points)
selected by
 
Best answer

a. 4. There is single seller

b. 1. They may be jointly demanded 

c. 2. Less than equilibrium price

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