Which of the Following Markets Is Closest to a Monopoly

question 107

Multiple Choice

Which of the following markets is closest to a monopoly?

• A) a firm with a 90% market share
• B) the only gas station for 100 miles
• C) cable television
• D) garbage disposal

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Definitions:

Rental Payment

The amount paid periodically by a tenant to a landlord in exchange for the use of property or land.

Primarily Rental Property

Real estate that is predominantly used for rental to others, rather than as the owner's primary residence.

Schedule E

A form used by the IRS for taxpayers to report income and losses from rental property, royalties, partnerships, S corporations, estates, and trusts.

Royalties

Payments made to the owners of intellectual property, such as authors, composers, and inventors, for the rights to use their intellectual property.