Which of the Following Is a Characteristic of a Monopoly

question 176

Multiple Choice

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

• A)​A large number of buyers and sellers.
• B)​Mutual interdependence.
• C)​Free entry and exit.
• D)​A product with no close substitutes.

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Definitions:

Levels Of Illumination

The measure of the intensity of light available in a particular area, expressed in units such as lux or foot-candles, critical for visual comfort and performance.

Economy Of Motion

The principle of designing workplace layouts and activities to minimize waste of movement and increase efficiency.

Waste Motion

Unnecessary or inefficient movements by workers or machinery in a process, contributing to non-productive time and increasing operational costs.

Flow Diagram

A graphical representation that shows the steps of a process or system using connecting lines and symbols.