Which of the following is an assumption of the monopoly, Ask an Expert

Economics

Which of the following is an assumption of the monopoly model?

a. The firm faces a horizontal demand curve.

b. There are no close substitutes of the good.

c. There exists a large number of buyers and sellers.

d. There is free entry and exit of firms.

e. The firm is a price taker.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675169

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