What is the number of sellers in a monopoly market structure?

Q. What is the number of sellers in a monopoly market structure?
Answer: one
Notes: Monopoly refers to a market in which there is only one supplier and no other firm is able to enter. According to the Fair Trading Act, 1973, a monopoly is defined as any firm. It accounts for 25% or more of the market output of a good or service.

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