The Simplest Way for a Monopoly to Arise Is for a Single

question 167

Multiple Choice

The simplest way for a monopoly to arise is for a single firm to

• A)decrease its price below its competitors' prices.
• B)decrease production to increase demand for its product.
• C)make pricing decisions jointly with other firms.
• D)own a key resource.

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Debt incurred by an individual that is due to the use of credit cards, often subject to high interest rates.

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