menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 13: Monopoly
  5. Question
    Which of the Following Is NOT a Characteristic of a Monopoly
Solved

Which of the Following Is NOT a Characteristic of a Monopoly

Question 581

Question 581

Multiple Choice

Which of the following is NOT a characteristic of a monopoly?


A) a single firm
B) no close substitutes for the product produced
C) barriers to entry
D) easy entry and exit

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q576: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above

Q577: The monopolist always maximizes its profits by

Q578: Which of the following is NOT a

Q579: Briefly describe and discuss the different ways

Q580: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Dee's TV Repair

Q582: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Which area in

Q583: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure

Q584: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure

Q585: In order to maximize its profit, a

Q586: Why do some firms practice price discrimination?

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines