Characteristics of a Monopoly Include Which of the Following

question 35

Multiple Choice

Characteristics of a monopoly include which of the following?
(i) it is the sole seller of its product
(ii) its product does not have close substitutes
(iii) it generates large economic profits
(iv) it is located in a small geographic market

• A)(i), (iii), and (iv)
• B)both (i) and (iii)
• C)both (i) and (ii)
• D)(i), (ii), (iii) and (iv)

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Definitions:

Thalamus

The thalamus is a part of the brain that acts as a principal relay station for sensory information, sending it to the appropriate areas of the brain for processing.

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A category of psychological disorders characterized by obsessive thoughts and compulsive actions.

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An emotional disorder defined by radical shifts in mood, from elevated states of mania or hypomania to depressive episodes.

Panic Disorder

A mental health condition marked by sudden, recurrent episodes of severe panic along with physiological reactions.