Which of the following is a market structure with one seller?

Perfect

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Oligopoly

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Monopolist

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Monopoly

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Solution

The correct option is D
Monopoly

Monopoly refers to a market situation where there is only one seller. Buyers have no option but to purchase the commodity from that seller or to go without it. There is no close substitute for the commodity sold by the only seller. There are strong barriers for the entry and exit of firms into the industry.

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