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In which of the following market structure is the degree of control over the price of its product by a firm very large?

September 27, 2022
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In which of the following market structure is the degree of control over the price of its product by a firm very large?

Q. In which of the following market structure is the degree of control over the price of its product by a firm very large?

  1. Imperfect competition
  2. Perfect competition
  3. Monopoly
  4. In A and B both

Answer: Monopoly

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