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:

Consistency

The quality of maintaining uniformity, coherence, and reliability in actions, processes, or results over time.

Editing

The process of reviewing, correcting, and preparing written or multimedia material for publication or presentation.

Conventional System

A traditional or widely accepted method, tool, or approach used for a specific purpose or activity.

Major Sections

The primary divisions within a document, report, or presentation that organize and categorize the content.