Which of the Following Is NOT a Necessary Characteristic of Monopolies

question 119

Multiple Choice

Which of the following is NOT a necessary characteristic of monopolies?

• A) Prices are set by the seller,not the consumer.
• B) There is just one firm in the role of seller.
• C) The market is for a unique product without close substitutes.
• D) Government plays a role in maintaining barriers to entry.
• E) The seller has a high level of market power.

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