Which of the Following Is a Characteristic of Monopoly

question 125

Multiple Choice

Which of the following is a characteristic of monopoly?

• A) The firm faces competition from many other firms.
• B) The firm produces a product that has many close substitutes.
• C) There are barriers to enter the market.
• D) The firm's demand is perfectly elastic.
• E) The firm produces a product identical to that produced by its many competitors.

---

Definitions:

Force

A physical quantity that causes a change in the motion, shape, or direction of an object.

Heart Contracts

The process where the heart muscle tissue contracts to pump blood through the body.

Diastolic Pressure

The lower number in a blood pressure reading, representing the pressure in the arteries when the heart rests between beats.

Systolic Pressure

The pressure in the arteries when the heart beats and fills them with blood; the first number in a blood pressure reading.