In which form of the market structure is the degree of control over the price of its product by a fi...........

Economics- Phase (I & II) Demand and Supply , Market Structures

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In which form of the market structure is the degree of control over the price of its product by a firm very large?

Monopoly

Imperfect condition

Oligopoly

Perfect competition

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Explanation:

In Monopoly market structure the degree of control over the price of its product by a firm very large. In a monopoly type of market structure, there is only one seller, so a single firm will control the entire market. It can set any price it wishes since it has all the market power.