Which of the Following Is NOT a Characteristic of a Monopoly

question 43

Multiple Choice

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

• A) A single firm
• B) No close substitutes for the product produced
• C) Easy entry and exit
• D) Barriers to entry

---

Definitions:

Reinforcement

In behavioral psychology, an event that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.

Microsystem

In bioecological systems theory, the innermost level of context, which includes an individual’s immediate physical and social environment.

Mesosystem

In bioecological systems theory, the relations and interactions among microsystems.

Exosystem

In bioecological systems theory, social settings in which an individual does not participate but has an indirect influence on development.