Which of the Following Is NOT a Characteristic of a Monopoly

question 80

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?

• A) There is only one seller.
• B) A monopolist is a price-taker.
• C) There exist barriers to entry.
• D) A monopolist's sales revenue is constrained by the market demand.

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Definitions:

Physical Restraint

The use of mechanical means or manual methods to limit a person's freedom of movement, typically to ensure safety.

Bed Exit Alarms

Devices used to alert caregivers when a patient attempts to leave their bed, often employed in hospitals and eldercare facilities.

Wrist Restraints

Devices used in healthcare settings to prevent a patient from injuring themselves or others by restricting arm movement.