The correct answer is: a. only one seller.
In a monopolistic market, there is only one seller or firm that controls the entire market for a particular good or service, which allows it to set prices and output levels.
A monopolistic market has
a. only one seller.
b. at least a few sellers.
c. many buyers and sellers.
d. firms that are price takers.
e. none of the above.
1 answer