All of the Following Are Possible Characteristics of a Monopoly

question 77

Multiple Choice

All of the following are possible characteristics of a monopoly except:

• A)there is a single firm.
• B)the firm is a price taker.
• C)the firm produces a unique product.
• D)the existence of some advertising.

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Definitions:

Mucus

A viscous, slippery secretion produced by, and covering, mucous membranes.

Esophageal Sphincter

A ring of muscle at the end of the esophagus that closes to prevent stomach acid from coming back up, and opens to allow food to enter the stomach.

Hepatic Duct

A duct that leaves the liver carrying bile and merges with the cystic duct to form the common bile duct.

Cystic Duct

The duct from the gallbladder that merges with the hepatic duct to form the common bile duct.