A Monopoly Is a Firm That Is the Only Seller

question 151

Multiple Choice

A monopoly is a firm that is the only seller of a good or service that does not have

• A)a patent.
• B)a close complement.
• C)a barrier to entry.
• D)a close substitute.

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Definitions:

Nonrestrictive Clause

A type of clause that provides extra information about a noun in a sentence but does not limit its meaning.

Restrictive Clause

A clause that defines or limits the meaning of the noun it modifies and is essential to the meaning of a sentence.

Reference

This term describes the act of mentioning or alluding to something, or the relationship between expressions and entities in the world.

Restrictive

Limiting or controlling access, movement, or growth, often through rules, conditions, or physical barriers.