Which of the Following Is an Example of a Monopoly

question 121

Multiple Choice

Which of the following is an example of a monopoly?

• A) One large firm supplies the entire product to the market
• B) One firm supplies 60 percent of the product to the market and there are two other rival firms
• C) Many firms supply the same product essentially,but each has significant brand loyalty
• D) A few large firms supply the entire product to the market