Which of the Following Is a Characteristic of a Monopoly

question 44

Multiple Choice

Which of the following is a characteristic of a monopoly?

• A) Low fixed costs as a portion of total costs.
• B) Free entry and exit.
• C) Barriers to entry.
• D) Declining marginal cost.

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Definitions:

Enslaved Women

Women who were subjected to slavery, deprived of personal freedom and forced to perform labor or services against their will, historically and across various cultures.

Large Plantations

Extensive farms in the pre-Civil War South, often where enslaved people were forced to work.

Slave Hiring

A system wherein slaveowners leased out their slaves to work for others, typically for a specified period, with wages paid to the owner rather than the slave.

Southern Mores

Traditional customs, practices, and values specific to the Southern United States, often associated with hospitality and conservatism.