Monopoly Has Two Key Features, Which Are

question 348

Multiple Choice

monopoly has two key features, which are

• A) barriers to entry and no close substitutes.
• B) franchises and barriers to entry.
• C) barriers to entry and close substitutes.
• D) close substitutes and no barriers to entry.

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Definitions:

Recidivism

The tendency of a convicted criminal to reoffend.

Acclimatization

Acclimatization is the process by which an organism adjusts to changes in its environment, ensuring survival and maintaining performance across a range of environmental conditions.

Learned Behavior

Actions or reactions that individuals acquire through experience or by observing others, in contrast to innate behaviors.

Mammals

The class of vertebrate animals distinguished by bodies covered with hair or fur, self-regulating temperature, and in females, milk-producing mammary glands.