Which of the Following Is a Characteristic of a Monopoly

question 103

Multiple Choice

Which of the following is a characteristic of a monopoly but not of a competitive market?

• A) A monopoly contains many firms.
• B) price > marginal cost
• C) price < marginal cost
• D) price = marginal cost
• E) A monopoly is a price-taker.

---

Definitions:

Market Development

A growth strategy where a company seeks to increase sales by promoting its existing products in new markets or to new segments.

Marketing Strategy

A marketing strategy is a business's overall game plan for reaching prospective consumers and turning them into customers of their products or services.

Current Products

Goods or services that are being manufactured or sold right now, reflecting the latest designs, features, or technology.

International Markets

Marketplaces that extend beyond national borders, where businesses can trade goods and services across countries.