To Prevent Monopoly from Arising,there Must Be

question 23

Multiple Choice

To prevent monopoly from arising,there must be

• A)a single supplier of a good in the market.
• B)no close substitutes for the good.
• C)barriers preventing entry of other firms.
• D)freedom of entry into the market.
• E)economies of scale.

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Definitions:

Abstraction

The concept of hiding complex implementation details and showing only the essentials, making it easier to handle complex systems.

Class Definition

The code structure in object-oriented programming that specifies the attributes and methods of a class.

Private

An access modifier in Java that specifies that a member (method or variable) can only be accessed within its own class.

Driver Program

A piece of software designed to initiate and manage the operation of a specific hardware or software module.