In Which Market Structure Does One Firm Sell a Good

question 31

Multiple Choice

In which market structure does one firm sell a good or service with no close substitutes and there is a barrier blocking the entry of new firms?

• A) only monopoly
• B) only oligopoly
• C) perfect competition
• D) monopolistic competition
• E) either monopoly or oligopoly

---

Definitions:

Sensitive

Easily affected by external conditions or stimuli.

Psychosocial Crisis

A theory by Erik Erikson that describes eight stages of human development, each characterized by a different crisis that must be resolved for healthy personality development.

Basic Trust

A concept introduced by Erik Erikson, indicating the first stage of psychosocial development, where infants learn whether or not their world is trustworthy based on their caregivers' responsiveness and support.

Gender-typing Behavior

The process by which individuals adopt behaviors and attitudes considered appropriate for their gender according to cultural norms.