A Market with a Single Firm but No Barriers to Entry

question 81

Multiple Choice

A market with a single firm but no barriers to entry is known as

• A)a natural monopoly.
• B)a contestable market.
• C)a perfectly competitive market.
• D)monopolistic competition.
• E)an oligopoly.

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Definitions:

Attraction-Similarity Hypothesis

A theory suggesting that people tend to be attracted to others who are similar to themselves in terms of attitudes, values, and beliefs.

Romantic Relationships

Interpersonal relationships characterized by emotional and physical intimacy, typically involving partners who consider each other as significant others.

Reproductive Advantages

Biological or behavioral attributes that increase the likelihood of an individual's genes being passed on to successive generations.

Passion

A strong and barely controllable emotion or enthusiasm for something.