A Market That Includes Only a Single Firm Is Called

question 66

Multiple Choice

A market that includes only a single firm is called a(n)

• A)monopsony.
• B)monopoly.
• C)single-firm market.
• D)competitive market.
• E)oligopoly.

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Definitions:

Internal Culture

The shared values, beliefs, and norms that influence the behavior and interactions of members within an organization.

Organisational

Pertaining to the structure and dynamics of an organization, including its processes, functions, and culture.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Natural Environment

The physical and biological factors along with their chemical interactions that affect an ecosystem or the earth as a whole.