A Firm That Is the Only Seller of a Good

question 189

Multiple Choice

A firm that is the only seller of a good with no close substitutes is a(n)

• A) perfect competitor.
• B) monopolistic competitor.
• C) oligopolist.
• D) monopolist.

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Definitions:

Errors of Straightness

The variation from the desired straight line in the path or surface of a mechanical part.

Diameter

The length of a straight line passing from side to side through the center of a body or figure, especially a circle or sphere.

Thickness

The dimension from one surface of an object to the opposite surface, important in determining material properties and suitability for particular applications.

Flatness Tolerance

A specification that defines the permissible amount of deviation from a perfectly flat surface.