Which of the Following Is NOT a Characteristic of a Pure

question 43

Multiple Choice

Which of the following is NOT a characteristic of a pure monopoly?

• A)Firms cannot enter freely.
• B)Firms sell unique products.
• C)Firms can control a scarce resource.
• D)Firms are unable to acquire patents.

---

Definitions:

Insurance

A financial arrangement that provides protection against potential loss to life, health, or property in exchange for premium payments.

Population Growth

The increase in the number of individuals in a population, commonly expressed as an annual percentage.

Annual Rate

The interest rate for a period of one year, often used to compare the yield on investments or the cost of loans.

Future Value

The value of an asset or amount of money at a specified future date, taking into account variables such as interest rates or returns on investment.