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1.
Monopoly is characterized by an absence of or decline in competition . The ABC Company realizes that its operations are in competitive industries. Which of the following conclusions may be inferred from the above ?
- A. ABC's market is not monopolistic
- B. ABC's market is not monopolistic
- C. ABC's market is not monopolistic
- D. ABC's market is not monopolistic
Answer: Option A
Explanation:
Monopoly is characterized by an absence of or decline in competition. ... Since, ABC operates in competitive industries, it can be directly inferred that its market is not monopolistic.
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