A Firm That Is the Only Seller in a Market

question 33

Multiple Choice

A firm that is the only seller in a market with a product with no close substitutes is known as a

• A)perfect competition.
• B)perfectly monopolistic.
• C)competitive monopolist.
• D)monopolist.

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Definitions:

Discourse Analysis

A methodological approach that studies how language is used in texts and context to construct meaning and social reality.

Orient

To align or position something relative to points of a compass or other specified positions; in a broader sense, to determine one's position or context in relation to something.

Colonialism

The tactic or practice of obtaining total or partial political authority over another country, settling it with inhabitants, and economically benefiting from it.

Race And Racism

relates to the classification of humans into groups based on physical traits, ancestry, genetics, or social relations, and the systemic oppression of races deemed inferior.