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    Microeconomics Study Set 43
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    Exam 14: Monopoly
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    A Firm That Is the Sole Producer of a Good
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A Firm That Is the Sole Producer of a Good

Question 31

Question 31

Multiple Choice

A firm that is the sole producer of a good or service with no close substitutes is called a(n) :


A) perfectly competitive firm.
B) monopolist.
C) oligopolist.
D) monopolistically competitive firm.

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