Which of the Following Is NOT a Characteristic of a Monopoly

question 62

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?

• A)A great deal of political power
• B)No close substitute products
• C)The ability to make an economic profit in the long run
• D)Operating at the lowest point on the ATC curve

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Definitions:

Annual Growth Rings

Concentric rings found in the wood, indicating the age of a tree by representing a year of growth.

Woody Stems

Hard, lignified plant structures that provide support and transport nutrients and water, characteristic of trees and shrubs.

Vascular Cambium

A layer of plant tissue located between the xylem and phloem; it contributes to the growth in stem and root diameter.

Lateral Meristem

Plant tissue located in the stem and root that enables growth in thickness or girth in a maturing plant.