In Economics, a Firm That Faces No Competitors Is Referred

question 53

Multiple Choice

In economics, a firm that faces no competitors is referred to as _________________.

• A) an oligopoly
• B) a monopoly
• C) a perfect competitor
• D) an oligopolizor

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Definitions:

Committed

the state of being dedicated to a cause, activity, or goal, often demonstrated through persistence and enthusiasm.

Ethical Cultures

The collective practices, beliefs, and values of an organization that influence the ethical behavior of its members.

Positive Organizational

Pertaining to practices or attitudes within an organization that contribute to a constructive and productive work environment.

Annual Retreat

is a planned event, typically occurring once a year, where members of an organization or group withdraw from daily activities to focus on reflection, strategy, or team-building.