Answer:
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods.
Monopoly characteristics include profit maximizer, price maker, high barriers to entry, single seller, and price discrimination.
hope this helped you
please mark as the brainliest(ㆁωㆁ)
