Perfect monopoly exists only if:

1.	Perfect monopoly exists only if:
A.	the single vendor can prevent the entry of all other vendors in the market
B.	the single vendor gets the absolute franchise of the product
C.	the single vendor is the only one who has the permit to sell
D.	the single vendor is the only one who has the knowledge of the product
Answer» B. the single vendor gets the absolute franchise of the product

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Perfect monopoly exists only if:

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