Ask Question
BusinessBusiness
5 May, 17:02

Which of the following is not a characteristic of a monopoly? a. a product without close substitutes b. the seller has market power c. one seller d. free entry and exit

+3
Answers (1)
  1. 5 May, 19:27
    0
    The correct option is d free entry and exit which is not a characteristic of a monopoly.

    Explanation:

    Monopoly is a market structure which sells a unique product with no close substitutes. Due to which it create a market power in the market.

    In monopoly, there is only a single seller in which a competition is not exist. But there is a barrier in a free entry and exit so that the chances of competition is not there.

    Example - Apple inc, windows, etc.

    So, by above explanation.

    The correct option is d free entry and exit which is not a characteristic of a monopoly.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is not a characteristic of a monopoly? a. a product without close substitutes b. the seller has market power c. one ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuck produced 12,000 units during May.
Answers (2)
Which of the following statements is correct? a. In order to calculate the inflation rate for the year 2011, we need to know the values of the consumer price index for the years 2009, 2010, and 2011. b.
Answers (1)
Everything else held constant, a balanced budget increase in government spending (that is, an increase in government spending that is matched by an identical increase in net taxes) will A) increase aggregate demand, but not by as much as if just
Answers (1)
A stock-split journal entry would include?
Answers (2)
Sacha purchased land in 2010 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America (a charitable organization) for use as a site for a summer camp.
Answers (1)
New Questions in Business
A website with no spelling mistakes, recent updates, and an author who isn't an expert on the subject is probably okay to use as a source.
Answers (1)
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)
Home » Business » Which of the following is not a characteristic of a monopoly? a. a product without close substitutes b. the seller has market power c. one seller d. free entry and exit
Sign Up Forgot Password?