When one firm sells a good or service that has no close substitutes and a barrier blocks the entry of new firms, what type of market is this?
A) perfect competition
B) only monopoly
C) oligopoly
D) only monopolistic competition
E) either monopoly or monopolistic competition
B
Economics
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Which is NOT part of the definition of capital, as used by economists? It ___.
A. must be manufactured B. is used by firms C. is used up in production D. produces other goods and services
Economics
According to the book, which air bag adds the most safety to passengers?
A) The second. B) The fourth. C) The third. D) The first.
Economics