Monopolies Arise When There Are

question 266

Multiple Choice

Monopolies arise when there are

• A) many substitutes but there are no barriers to entry.
• B) no close substitutes and there are no barriers to entry.
• C) no close substitutes and there are barriers to entry.
• D) many substitutes and there barriers to entry.
• E) None of the above answers are correct because the existence of a monopoly has nothing to do with the presence or absence of barriers to entry.

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Definitions:

Telegraphic Speech

A form of communication seen in young children during language development, characterized by simple, essential words without grammatical markers.

Phonemes

The smallest unit of sound in a language that can distinguish words.

Morphemes

The tiniest parts of language grammar that hold semantic value.

Adult Speech

The way in which adults communicate using language, typically more complex and varied in vocabulary than child speech.