A Monopoly Exists When

question 122

Multiple Choice

A monopoly exists when

• A)A small number of firms are the only producers of a good.
• B)Consumers are being exploited.
• C)The government intervenes on behalf of consumers.
• D)One firm produces the entire market of a good or service.

---

Definitions:

Cash Budget

A budget that estimates cash inflows and outflows over a specific period of time, aiding in managing the company's cash balance.

Loan Balance

The remaining amount owed on a loan, not including future interest, at any given time.

Minimum Cash Balance

The lowest amount of cash that a company or individual aims to hold in order to meet short-term obligations.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their liquidity and cash reserves.