Which of the Following Is a Characteristic of a Monopoly

question 43

Multiple Choice

Which of the following is a characteristic of a monopoly market?

• A)one firm is the only supplier of a product for which there are no close substitutes
• B)entry into the market is blocked
• C)the firm can influence market price
• D)all of the above

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.

Residual Income

The amount of income that exceeds the minimum rate of return expected on investments or capital.

Residual Income

The income that remains after all costs of capital used to generate revenues have been subtracted.

Corporate Perspective

Corporate Perspective refers to the viewpoint or strategies adopted by a corporation in pursuit of its objectives, considering the interests of its stakeholders.