Which best describes the availability of substitutes in a monopoly

Posted By Admin @ September 03, 2022

Question:

Which best describes the availability of substitutes in a monopoly?

Answer:

The one that best describes the availability of substitutes in a monopoly is : There are no substitutes in a monopoly.
In a monopoly, there is only one product that can satisfy market's need and that one product is usually controlled by one corporation

hope this helps

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