The Market Structure in Which There Is a Single Supplier

question 304

Multiple Choice

The market structure in which there is a single supplier of a good or service for which there is no close substitute is

• A) oligopoly.
• B) perfect competition.
• C) monopoly.
• D) monopolistic competition.

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Definitions:

Investment Banker

Underwrites new issues of securities for corporations, states, and municipalities.

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by options.