Which Phrase Would Be Most Characteristic of Pure Monopoly

question 210

Multiple Choice

Which phrase would be most characteristic of pure monopoly?

• A)close substitutes
• B)efficient advertiser
• C)price taker
• D)sole seller

---

Definitions:

Mortgage Deduction

A tax deduction that allows homeowners to subtract the interest paid on their mortgage from their taxable income.

Federal Income Tax

A tax levied by the United States federal government on the annual income of individuals, corporations, trusts, and other legal entities.

Economic Statement

A declaration or report that provides information regarding the financial performance or economic conditions of an entity, sector, or economy.