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Economics · May / June 2022 · Paper 11 · Question 11

2281Types of markets

Which row shows an essential characteristic of competitive markets and monopoly markets?

  1. Amany buyers | single seller
  2. Bmany sellers | single buyer
  3. Csingle buyer | many buyers
  4. Dsingle seller | many sellers

As printed in the paper

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Correct answer: A. many buyers | single seller

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