When One Firm Sells a Good or Service That Has

question 245

Multiple Choice

When one firm sells a good or service that has no close substitutes and a barrier blocks the entry of new firms,what type of market is this?

• A) perfect competition
• B) only monopoly
• C) oligopoly
• D) only monopolistic competition
• E) either monopoly or monopolistic competition

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Definitions:

Urban Neighborhood

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Mental Disorder

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