A Firm That Is the Only Seller of a Product

question 270

Multiple Choice

A firm that is the only seller of a product and is in sole control of a market has a

• A) monopoly.
• B) quantity regulations.
• C) subsidy.
• D) public good.

---

Definitions:

Nonsynonymous Mutation

A type of DNA mutation that results in a change in the amino acid sequence of a protein.

Genetic Drift

The process by which allele frequencies in a population change due to chance events, affecting small populations more significantly.

Codon

A sequence of three nucleotides in mRNA that specifies a particular amino acid or termination signal during protein synthesis.

Natural Selection

Natural selection is a mechanism that can lead to adaptive evolution, whereby differences in the phenotypes of individuals cause some of them to survive and reproduce more effectively than others and therefore outcompete them.