Get premium membership and access revision papers with marking schemes, video lessons and live classes.
Processing. Please wait.

 KCSE business studies paper 1 revision questions and answers set 4

Outline four features of a monopoly market structure

 (1m 25s)
656 Views     SHARE

Download as pdf file

Answer Text:
-One supplier for the whole market
-Commodity has no close substitute
-Difficulty for entering the market by the other firms
-Prices are fixed by the supplier
-Price discrimination is possible