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Question
Two conditions allow a single seller to become a monopolist. Those two conditions are that the firm must
a. have something unique to sell and it must be able to estimate its demand curve.
b. have something unique to sell and it must have a way to prevent potential competitors from entering the market.
c. be able to estimate its demand curve and it must have a way to prevent potential competitors from entering the market.
d. be able to segregate its consumers and it must have a way to prevent potential competitors from entering the market.
e. have something unique to sell and it must be able to segregate its consumers.
Answer
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