Which of the Following Is Not a Characteristic of a Monopoly

question 606

Multiple Choice

Which of the following is not a characteristic of a monopoly?

• A)barriers to entry
• B)one seller
• C)one buyer
• D)a product without close substitutes

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Definitions:

Provinces

Administrative divisions within a country, often with their own local government, laws, and regulations.

Rules of Court

The regulations and procedures established to govern the conduct, procedure, and administration of court cases.

Lawsuit

A legal action taken by a person or entity against another in a court of law, usually seeking damages or specific performance.

Rules of Conduct

Established guidelines or principles meant to dictate or guide behavior within a specific context or organization.