Examlex
Which of the following is not a characteristic that distinguishes services from goods?
Monopoly
A market structure characterized by a single seller selling a unique product with no close substitutes, leading to high control over prices.
Single Seller
A market structure in which there is only one provider of a particular good or service, often resulting in monopolistic control over the market.
Barriers To Entry
Factors that prevent or hinder the ability of new competitors to enter and compete in an industry or market.
Monopolists
Entities or individuals that have exclusive control over the production and sale of a particular good or service, allowing them to manipulate market conditions.
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