A Monopoly Exists When

question 90

Multiple Choice

A monopoly exists when

• A) A small number of firms are the only producers of a good.
• B)A large number of firms are producing a good.
• C) The government intervenes on behalf of consumers.
• D) One firm produces all the output for a particular good or service.

---

Definitions:

Skills-Based Résumé

A type of résumé that highlights an individual's skills and abilities instead of focusing on chronological work history.

Chronological History

A record or account of events or experiences arranged in the order in which they occurred over time.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Family Status

A social category pertaining to the family structure or household arrangement of an individual, such as being single, married, or having children.