Which of the Following Is a Characteristic of a Monopoly

question 163

Multiple Choice

Which of the following is a characteristic of a monopoly?

• A) a large number of sellers
• B) homogeneous products
• C) large barriers to entry
• D) price taking firms

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Definitions:

Dimensions

Various aspects, viewpoints, or elements of a situation or concept.

Operationalized

The process of defining a concept or variable in measurable terms to facilitate its identification and study within research.

Construct

An abstract idea, concept, or theory that is created for the purpose of scientific research.

Measurable

Capable of being quantified or expressed as a quantity or in numerical terms.