Which Characteristic Is NOT Typical of a Monopoly

question 36

Multiple Choice

Which characteristic is NOT typical of a monopoly?

• A) There is only one seller.
• B) There are significant barriers to entry.
• C) There is low demand for the product.
• D) There are no close substitutes for the product.

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Definitions:

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Resting Potential

Membrane potential of a neuron at rest.

Millivolts

A unit of electric potential or electromotive force equal to one thousandth of a volt, commonly used in measuring electrical potentials in cells and batteries.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.