Which of the Following Is a Characteristic of Pure Monopoly

question 274

Multiple Choice

Which of the following is a characteristic of pure monopoly?

• A)close substitute products
• B)barriers to entry
• C)the absence of market power
• D)"price taking"

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Definitions:

Oxidation-Reduction Reactions

Chemical reactions involving the transfer of electrons between two substances, affecting the oxidation state of the reactants.

Polysaccharides

Large carbohydrates consisting of long chains of monosaccharide units bound together, serving as energy stores or structural components.

Monosaccharides

The simplest form of carbohydrates, consisting of single sugar molecules like glucose and fructose.

Anabolic Reaction

A metabolic pathway that constructs molecules from smaller units, usually requiring energy in the process, characteristic of synthesis in living organisms.