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:

Control Subsystem

Part of an organization's management system focused on monitoring and adjusting processes to meet objectives.

Organization's Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business.

Work Standards

The established expectations and procedures that define how tasks are to be performed in the workplace.

Objectives

Specific, measurable goals that an individual or organization aims to achieve within a certain timeframe.