A Firm That Is the Only Seller of a Good

question 45

Multiple Choice

A firm that is the only seller of a good or service that does not have a close substitute is called

• A)a monopoly.
• B)an oligopolist.
• C)a market maker.
• D)a price maker.

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Definitions:

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Social reformers who, in the late 19th and early 20th centuries, aimed to improve the living conditions of women and children, emphasizing motherhood's societal importance.

Economic Independence

The condition of having enough financial resources to support oneself without relying on external aid or support.

Good Marriages

Traditionally, marriages that are considered socially beneficial or desirable, often based on factors like economic stability, social standing, and compatibility.

Progressive Reformer

An individual or advocate involved in a movement aiming to address and reform issues of social injustice, corruption, and inefficiency in society.