Which of the Following Exists When an Industry or Market

question 71

Multiple Choice

Which of the following exists when an industry or market has only one producer?

• A) competition
• B) oligopoly
• C) monopoly
• D) communism
• E) socialism

---

Definitions:

High Grades

Marks or scores that are significantly above average, indicating a high level of performance or achievement.

Failure

The lack of success in achieving a goal or fulfilling a task, often seen as an opportunity for learning and growth.

Escape Learning

A form of learning where the subject acquires a response to avoid an unpleasant or aversive stimulus.

Aversive Stimulation

A process involving the use of unpleasant stimuli to reduce or eliminate undesirable behaviors.