Which of the Following Is a Characteristic of a Firm

question 95

Multiple Choice

Which of the following is a characteristic of a firm that has a high degree of monopoly power, but is not a perfect monopoly?

• A)Is the single producer of a good
• B)Controls 80 to 90 percent of the market
• C)Only has a small number of competitors
• D)Intimidates the other businesses in the market

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Definitions:

Acquisition

In psychology, the phase of learning during which a response is established.

Acquiring

The act of obtaining ownership or control of something, often relating to assets or companies.

Enduring Information

Knowledge or data that remains applicable and useful over a long period of time, withstanding changes in context or circumstances.

Learning

The process of acquiring knowledge, skills, values, or behaviors through study, experience, or teaching.