A Single Supplier of a Good or Service for Which

question 302

Multiple Choice

A single supplier of a good or service for which there is no close substitute is referred to as a(n)

• A) strategic competitor.
• B) monopoly.
• C) oligopoly.
• D) monopolistic competitor.

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Definitions:

Monotony

The quality or state of being tediously unchanging or repetitive, often leading to boredom or disinterest.

Engaged

Being actively involved or committed to a particular activity or cause.

Computer Programmer

A professional who writes, tests, and maintains the code that allows computer applications and software programs to function.

Elementary School Teacher

A professional educator specializing in teaching children in the primary grades, typically from kindergarten through fifth or sixth grade.