A Firm That Is the Only Seller of a Good

question 45

Multiple Choice

A firm that is the only seller of a good or service that does not have a close substitute is called

• A)a monopoly.
• B)an oligopolist.
• C)a market maker.
• D)a price maker.

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Definitions:

Time Conscious

Being aware of the importance of time and being able to manage it effectively.

Latin Americans

People originating from or living in countries in Latin America, a region encompassing South and Central America, Mexico, and the Caribbean.

North Americans

Individuals who are inhabitants of North America, encompassing those from countries such as the United States, Canada, and Mexico.

Verbal Fillers

Words or sounds frequently used in spoken language to fill pauses or to buy time while thinking, such as "um," "like," "you know."