Which of the Following Is NOT a Characteristic of a Monopoly

question 80

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?

• A) There is only one seller.
• B) A monopolist is a price-taker.
• C) There exist barriers to entry.
• D) A monopolist's sales revenue is constrained by the market demand.

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Definitions:

Embryo

An early stage of development in multicellular organisms, in humans referring to the stage after fertilization up to the end of the eighth week of gestation.

Fetus

A developing human from roughly eight weeks after conception until birth.

Blastocyst

A stage of embryonic development in mammals, occurring roughly five days after fertilization, marked by the formation of a fluid-filled cavity and the differentiation of the embryo into two layers.

Fetal Period

The period in prenatal development from nine weeks after conception until birth, when the brain continues developing, bodily structures are refined, and the fetus grows in length and weight and accumulates fat in preparation for birth.