Which of the Following Is Not a Characteristic of a Monopoly

question 36

Multiple Choice

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

• A)There are only a few sellers each selling a unique product.
• B)Entry barriers are high.
• C)There are no close substitutes to the firm's product.
• D)The firm has market power.

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Definitions:

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to compare the return on investment of different securities.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument.

Maturity

The final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Annual Coupon

The total interest to be paid on a bond each year, divided between regular payment periods.