A Firm That Is the Only Seller of a Good

question 238

Multiple Choice

A firm that is the only seller of a good or service that does not have a close substitute is called

• A) a monopoly.
• B) an oligopoly.
• C) a market maker.
• D) a price maker.

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Definitions:

Molecular Data

Information at a molecular level, including DNA, RNA, and protein sequences, used in various scientific studies.

Apes and Humans

A reference to the biological and evolutionary connections between humans and other members of the Hominidae family, such as gorillas and chimpanzees.

Split Occurred

A phrase indicating that a division or separation took place, often used to describe evolutionary divergences or social and organizational splits.

Endothermic

Refers to a process or reaction that absorbs energy from its surroundings, usually in the form of heat.