Which of the Following Is Characteristic of a Monopoly

question 53

Multiple Choice

Which of the following is characteristic of a monopoly?

• A)The absence of political power
• B)Close substitute products
• C)The ability to make an economic profit in the long run
• D)Operating at peak efficiency

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Definitions:

Homeostatic Mechanism

The processes and systems within organisms that regulate internal conditions (like temperature, pH, and glucose levels) to maintain a stable, constant environment.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, a critical indicator of cardiovascular health.

Heart Rate

The number of heartbeats per unit of time, usually per minute.

Developmental Stage Theory

A framework in psychology that outlines the stages of psychological development that individuals typically pass through from infancy to adulthood.