A Small Market That Can Support Only One Competitor,such as a Small-Town

question 51

Multiple Choice

A small market that can support only one competitor,such as a small-town newspaper,is an example of a(n) ________ monopoly.

• A) natural
• B) artificial
• C) inherent
• D) de facto
• E) unregulated

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Definitions:

Procedural Memory

A type of long-term memory that enables people to perform tasks without conscious awareness of having learned them.

Semantic Network

A conceptual structure used in cognitive psychology and artificial intelligence which represents semantic relations between concepts in a network.

Nodes

Points in a network or system where lines or pathways intersect or branch.

Clustering Hierarchy

A method of organizing elements into nested groups based on similarity or distance.