Which of the Following Is a Characteristic of Pure Monopoly

question 94

Multiple Choice

Which of the following is a characteristic of pure monopoly?

• A) Close substitute products.
• B) Barriers to entry.
• C) The absence of market power.
• D) "Price taking."

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Definitions:

Success-Disengagement Stage

A phase in the lifecycle of a business or career wherein achieving substantial accomplishments leads to reduced engagement or stepping away from active roles.

Supervision

The act of overseeing and managing the performance and productivity of employees to ensure tasks and objectives are accomplished.

Cash Flow

The sum of net income plus any noncash expenses, such as depreciation and amortization, or the difference between the actual amount of cash a company brings in and the actual amount of cash a company disburses in a given time period.

Regular Duties

These are the usual tasks or responsibilities assigned to a person in their job or role.