A Market Structure in Which One Firm Produces a Good

question 217

Multiple Choice

A market structure in which one firm produces a good or service that has no close substitutes is called

• A) perfect competition.
• B) monopolistic competition.
• C) oligopoly.
• D) monopoly.

---

Definitions:

Set Of Things

A collection or grouping of items or entities that share common characteristics or are defined by a specific criterion.

Ampule

A small glass container that can be sealed and its contents sterilized.

Small Glass Container

A compact vessel made of glass, typically used for storing medicines, samples, or chemicals in various settings.

Contents Sterilized

Process in which all forms of life, including microorganisms, are destroyed or removed from objects or materials.