If a Local Community Has Only One Doctor, the Monopoly

question 180

Multiple Choice

If a local community has only one doctor, the monopoly power of the physician will

• A) be small if entry barriers into the local market are high.
• B) depend on how many other physicians there are in the national market.
• C) be total since there are not any other providers of the same service in the local market.
• D) be minimal if the entry barriers restricting competition from other physicians are low.

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