Monopoly Has Two Key Features, Which Are

question 348

Multiple Choice

monopoly has two key features, which are

• A) barriers to entry and no close substitutes.
• B) franchises and barriers to entry.
• C) barriers to entry and close substitutes.
• D) close substitutes and no barriers to entry.

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Definitions:

Esteem Needs

According to Maslow's hierarchy of needs, these are the fourth tier of human needs, focusing on self-esteem, respect, status, recognition, strength, and freedom.

Love And Belongingness

A human motivational need, according to Maslow's hierarchy of needs, involving interpersonal relationships, affection, group membership, and love.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, the highest level of Maslow's hierarchy of needs.

Psychological Drives

Internal motivations that propel individuals to act in certain ways, often related to basic physiological needs or desires.