1 Monopoly is a market structure characterized by all the following features except A The firm is a dominant seller of a good or service having no close substitutes B The existence of high barriers to entry C The firm enjoys economic profit even in the long run D The firm is the price taker

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A: Location quotient of transportation=200015400Location quotient of transportation is 0.129870

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…