Which of the Following Is a Characteristic of a Monopoly

question 129

Multiple Choice

Which of the following is a characteristic of a monopoly but not of a competitive market?

• A) A monopoly contains many firms.
• B) price > marginal cost
• C) price < marginal cost
• D) price = marginal cost
• E) A firm in a monopoly is a price taker.

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Absolutely necessary or essential for something to function properly or to achieve a particular goal.

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The exposure or attention that a product, person, or organization receives through media channels, usually without direct payment.

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A form of advertising where companies communicate directly with the consumer through mail, email, texts, and other marketing materials without the use of intermediaries.