One feature of pure monopoly is that the monopolist is:

A. one of several producers of a product.
B. a price maker.
C. a price taker.
D. a producer of products with close substitutes.

Answer: B

Economics

You might also like to view...

The fact that money must withstand the wear and tear that comes from being used over and over again is a measure of its _____.

(A) Age (B) Currency (C) Durability (D) Portability

Economics

What are natural experiments?

What will be an ideal response?

Economics