Which of the Following Is a Characteristic of a Monopoly

question 576

Multiple Choice

Which of the following is a characteristic of a monopoly?

• A)low fixed costs as a portion of total costs
• B)free entry and exit
• C)barriers to entry
• D)declining marginal cost

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Definitions:

Statistic

A numerical value that summarizes or describes a characteristic of a set of data.

Medical History

A record of information about an individual's health, including past illnesses, surgeries, allergies, and medications.

Allergies

Hypersensitive reactions by the immune system to substances that are normally harmless to most people.

Emergency Contact

A designated person to be contacted in the event of an individual's accident, illness, or other emergency situations.