A Firm That Is the Only Seller of a Good

question 45

Multiple Choice

A firm that is the only seller of a good or service that does not have a close substitute is called

• A)a monopoly.
• B)an oligopolist.
• C)a market maker.
• D)a price maker.

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Definitions:

Multiunit Organizations

Entities that operate across multiple physical locations or units, often to help achieve broader objectives than those possible through a single-unit operation.

Virtual Organizations

Enterprises that operate primarily online without a traditional physical presence, relying on electronic means for collaboration and operation.

Transformational Model

A theory or approach that focuses on leading change by inspiring and motivating others to achieve a shared vision.

Conflict Resolution

The process of resolving a dispute or disagreement between parties in a peaceful and effective manner.