Which of the Following Is a Market Structure of Monopoly

question 147

Multiple Choice

Which of the following is a market structure of monopoly?

• A) Few firms operating as price takers.
• B) Single firm operating as a price taker.
• C) Single firm that is a price maker.
• D) All of these are true.

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Definitions:

Randomly Selected

A method or process where selections are made in such a way that each item or person has an equal chance of being chosen, ensuring unbiased results.

Control Group

A group in an experiment or study that does not receive treatment, used as a benchmark to measure the effects of the treatment.

Natural Experiments

Observational studies where the conditions are naturally occurring rather than being controlled or manipulated by the researcher, used to infer causality.

Random Experiments

Procedures or trials that yield different outcomes, each with a specific probability, even when repeated under the same conditions.