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Which of the following is NOT considered a basic characteristic of monopoly?

 

Which of the following is NOT considered a basic characteristic of monopoly?



1) Nash equilibrium achieves in the market


2) There are barriers to entry into the market


3) There are no close substitutes for the product


4) There is only one firm in the industry

Top Answer

It is 1) Nash equilibrium achieves in the market The Nash equilibrium must... View the full answer

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