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Saturday, 04 July 2026
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One major problem with monopoly is:

One major problem with monopoly is:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Limited consumer choice
  • B Free market entry
  • C Product homogeneity
  • D Excessive competition
Correct Answer: Option A
Explanation:
Consumers under monopoly often have few alternatives because one seller controls the market.

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