For a fiRm to Be Considered a Monopoly, It Must

question 30

Multiple Choice

For a firm to be considered a monopoly, it must _____.

• A) take as given the price of the product that is established in the market
• B) be the only buyer of a factor of production
• C) be the only producer of a good for which there are no close substitutes
• D) face only a few competitors that produce similar, but not identical, products

---

Definitions:

Parenchymal Tissue

This type of tissue constitutes the functional parts of an organ in the body, as opposed to the supportive or connective tissues.

Water Conduction

Water conduction refers to the process of transporting water and dissolved nutrients throughout a plant or other organism.

Sclerenchyma Cells

Thick-walled, rigid cells that provide structural support to plants and are characterized by their high lignin content.

Sclereids

Specialized thick-walled cells found in plants that provide support and protection, contributing to the hardness of nuts and seeds.