The Figure Given Below Shows the Aggregate Demand and Supply

question 85

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7

-A local monopoly is a firm that:

• A)is the sole supplier of a good, without substitutes, in a specific geographic area.
• B)is one of the suppliers of a good in a specific geographic area.
• C)supplies all the products needed by consumers in a country.
• D)produces to meet the requirement of only one consumer.
• E)is one of the suppliers of a good that has a lot of substitutes, in a specific geographic area.