Economics · Market Structures

A market structure in which a single firm supplies a unique commodity to the entire market is known as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Oligopoly
2Monopolistic competition
3Monopoly✓
4Perfect competition

Correct answer

Monopoly

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A market structure in which a single firm supplies a unique commodity to the entire market is known as:

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A market structure in which a single firm supplies a unique commodity to the entire market is known as:

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