If a Local Ready-Mix Cement Company Is the Only Producer

Multiple Choice

If a local ready-mix cement company is the only producer of cement in the local market, the monopoly power of the firm will

A) be small if entry barriers into the local market are high.
B) depend on how many other sellers of similar products there are in the national market.
C) be total since there are not any other sellers of the same product in the local market.
D) be minimal if the entry barriers restricting competition from other firms are low.