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The behaviour of a firm depends on the features of the market in which it operates. With reference to the criteria below, identify a relevant
The behaviour of a firm depends on the features of the market in which it operates. With reference to the criteria below, identify a relevant Monopoly in South Africa and explain how the selected firm aligns with the market criteria for a Monopoly.
-The number of firms in the market
-The nature of the good or service sold
-Ease of entry for new competitors into the market
-Control that the firm has over price
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