Which of the following is NOT a feature of a monopoly?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. One buyer and many sellers.
The statement "One buyer, more sellers" is NOT a feature of a monopoly.
In a monopoly, there is one seller and more buyers, meaning a single company or entity dominates the market and is the sole provider of a particular good or service. This is the opposite of what is described in your option, where there are multiple sellers and only one buyer, which would be a situation more akin to a monopsony.