A Firm Can Be the Sole Seller of a Product

question 88

Multiple Choice

A firm can be the sole seller of a product but still not be a monopoly if

• A)the firm is not making profits.
• B)the firm is not large.
• C)the product has many close substitutes.
• D)the market price is high.
• E)the cost of production is high relative to price.

---

Definitions:

Grasshoppers

Insects of the suborder Caelifera within the order Orthoptera, known for their powerful hind legs for jumping.

Uric Acid

A waste product formed from the metabolism of purines, excreted in urine.

Sweating

The process of secreting fluid from the skin's sweat glands, an important means of thermoregulation.

Cool Bodies

Typically refers to objects or organisms that have a temperature lower than the surrounding environment, often implicating mechanisms of heat loss or reduced heat production.