Which of the Following Need Not Be True of a Monopoly

question 6

Multiple Choice

Which of the following need not be true of a monopoly?

• A)The firm must be the only producer of the product.
• B)The product must have no close substitutes.
• C)There must be high barriers to entry.
• D)The firm must earn an economic profit.
• E)All of the above are true of monopoly.

---

Definitions:

Stratum Lucidum

A thin, transparent layer of the epidermis located just above the stratum granulosum and below the stratum corneum, most evident in thickened skin of palms and soles.

Thick Skin

A type of skin that contains five layers and is found in areas of high abrasion like the palms of the hands and soles of the feet.

Stratum Corneum

The outermost layer of the epidermis, comprised of dead cells that provide a barrier against the external environment.

Eccrine Sweat Glands

Sweat glands that produce a water-based secretion, helping to cool the body through evaporation of sweat.