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307 . 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. Monopoly is defined as one seller in a market
  • C. The ABC Company has no domestic competitors
  • D. The ABC Company is publicly own
  • E. The ABC Company is in a service industry
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