Which of the Following Is a Characteristic of a Monopoly

question 173

Multiple Choice

Which of the following is a characteristic of a monopoly firm?

• A) horizontal individual demand curve
• B) barriers to entry
• C) easy entry and exit
• D) many buyers and sellers

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Definitions:

Consolidated Equity

The total amount of owners' or shareholders' equity in a conglomerate, after all inter-company balances and transactions have been eliminated in consolidation.

Financial Statements

Official records that detail the financial activities and condition of a business, organization, or individual, typically including balance sheet, income statement, and statement of cash flows.

Retained Earnings

The portion of a company's profits kept in the business after dividends are paid to shareholders, used for reinvestment or to pay off debt.

Non-controlling Interest

An ownership interest in a corporation where the percentage of shares owned does not give the shareholder the control of the company.