Which of the Following Is a Characteristic of a Monopoly

question 576

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:

Emergency Commitment

A legal process through which individuals are institutionalized due to mental health crises that pose a danger to themselves or others, without their consent.

Days

Units of time equivalent to 24 hours, constituting the approximate period it takes for the Earth to complete one rotation on its axis.

Social Media Sites

Online platforms where users can create, share, or exchange information, ideas, pictures/videos in virtual communities and networks.

Bullying

Unwanted aggressive behavior among school-aged children that involves a real or perceived power imbalance. The behavior is repeated, or has the potential to be repeated, over time.