An Essential Characteristic of a Monopoly Is

question 114

Multiple Choice

An essential characteristic of a monopoly is:

• A) the good must have no close substitutes.
• B) there can only be a few sellers in the market.
• C) only one buyer must exist.
• D) many buyers must exist.

---

Definitions:

Sibling Relationships

The dynamic interpersonal connections and bonds between brothers and sisters, influencing social, emotional, and psychological development.

Affection and Attachment

Emotional bonds that form between individuals, characterized by a desire for closeness and a sense of security.

Situational Compliance

The adjustment of an individual's behavior to align with the demands or norms of a particular situation.

Conscience

Internal standards of behavior, which usually control one’s conduct and produce emotional discomfort when violated.