Which of the Following Is a Characteristic of Monopoly

question 444

Multiple Choice

Which of the following is a characteristic of monopoly?

• A) The firm faces competition from a few other firms.
• B) The firm produces a product that has many close substitutes.
• C) There are barriers to enter the market.
• D) The firm's demand curve is perfectly elastic.

---

Definitions:

Average Score

The sum of all scores divided by the number of scores, providing a central value of a data set.

Age

A measure of the time an individual or object has existed, typically expressed in years.

Stanford-Binet IQ Test

A standardized test designed to measure human intelligence and cognitive abilities, based on a series of tasks.

Age 8

A developmental period in childhood, often associated with the transition from early childhood to middle childhood, involving significant cognitive, emotional, and social changes.