All these are characteristics of a monopoly except,

a. There is one seller of the product
b. Has few substitutes
c. Controls a large share of the market
d. Controls a small share of the market

d

Economics

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A downward sloping marginal product of labor curve demonstrates the law of diminishing marginal returns

Indicate whether the statement is true or false

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Explain why less-developed countries don't gain as much from trade as do industrialized nations

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