If the Entire Output of a Market Is Produced by a Single

question 80

Multiple Choice

If the entire output of a market is produced by a single seller,the firm

• A)Is a monopoly.
• B)Faces perfectly inelastic demand.
• C)Can charge any price it wants and not lose customers.
• D)Is producing a new product.

---

Definitions:

Negotiable Instrument

A written promise or order to pay a specific amount of money that can be transferred to another party under certain conditions.

Misspelled Name

An error in the way a person's name is spelled on a document or in a database, which can lead to issues or confusion.

Endorse

To sign the back of a financial document or to publicly support a product, candidate, or policy.

Actual Name

The legal name under which an individual or entity is registered for official purposes.