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.

---

Definitions:

Flashbacks

Sudden and intense memories of past experiences, often traumatic, that involuntarily come to mind, causing distress or impairing daily life.

Interstate Highway

A network of controlled-access highways designed for high-speed vehicular traffic, facilitating long-distance travel across states in the U.S.

Malpractice Allegations

Accusations against healthcare professionals claiming that they failed to provide competent and proficient services, leading to patient harm.

Adjustment Disorder

A psychological response to an identifiable stressor, resulting in significant emotional or behavioral symptoms.