A Market Structure in Which a Single Seller Dominates Trade

question 95

Multiple Choice

A market structure in which a single seller dominates trade in a good or service for which buyers can find no close substitutes is called a(n) _____.

• A) oligopoly
• B) monopoly
• C) monopsony
• D) perfect market

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Definitions:

Codes Of Ethics

Written guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards.

Managerial Accounting

The practice of analyzing, interpreting, and communicating financial information for internal use by management for decision making.

Stakeholders' Confidence

Stakeholders' confidence refers to the trust and belief shareholders, employees, customers, and other stakeholders have in a company's management and future outlook.