To Prevent Monopoly from Arising,there Must Be

question 23

Multiple Choice

To prevent monopoly from arising,there must be

• A)a single supplier of a good in the market.
• B)no close substitutes for the good.
• C)barriers preventing entry of other firms.
• D)freedom of entry into the market.
• E)economies of scale.

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Definitions:

Account Balances

These reflect the amount of money within a financial account at any given time.

Transaction

An economic event that involves a transfer of value between two or more entities, leading to a change in their financial position.

Trial Balance

An accounting report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits equal total credits.

Debit Balances

Accounts with a balance that represents amounts owed or expenses; typically assets and expenses accounts.