Which of the Following Markets Is Closest to a Monopoly

question 107

Multiple Choice

Which of the following markets is closest to a monopoly?

• A) a firm with a 90% market share
• B) the only gas station for 100 miles
• C) cable television
• D) garbage disposal

---

Definitions:

Legal Limit

The maximum or minimum legal amount or boundary permitted for certain values or actions, often set by laws or regulations.

Cross-sectional Study

A type of observational study that analyzes data from a population, or a representative subset, at a specific point in time.

Cohort Effects

Differences observed in a study that are due to the characteristics of the group of participants, not the effect of the experiment itself.

Developmental Age

A measure of a child's growth or maturity level, which may differ from their chronological age.