What Is NOT a Characteristic of a Monopoly

question 3

Multiple Choice

What is NOT a characteristic of a monopoly

• A)It has a supply curve.
• B)Its price is equal to average revenue.
• C)It chooses the price for which it sells its output.
• D)It benefits from barriers to entry.

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Definitions:

External Opportunities

Possibilities that lie outside an organization or individual’s current scope but can lead to expansion, growth, or improved status.

Managing Organization Culture

Refers to the leadership and management practices that shape, maintain, and change the culture of an organization, influencing norms, values, and behaviors.

Subcultures

Groups within a larger culture that have their own distinct values, beliefs, and practices but also share some commonalities with the broader culture.

Type of Technology

Refers to the categories or classifications of technology based on purpose, application, or function, such as information technology, biotechnology, or nanotechnology.