A Major Characteristic of Monopoly Is That

question 105

Multiple Choice

A major characteristic of monopoly is that

• A) no barriers to entry exist.
• B) the product is identical to that produced by other companies.
• C) a barrier to entry keeps out competitors.
• D) competition is intense.
• E) a few firms compete with each other.

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for controlling involuntary bodily functions, such as heart rate, digestion, and respiratory rate.

Hypothalamus

A region of the brain that coordinates many nervous system and endocrine functions, including temperature regulation and thirst.

Cerebellum

A brain region responsible for coordinating voluntary movements and maintaining balance and posture.

Basal Ganglia

Groups of neurons located deep within the brain, involved in movement and coordination.