A market dominated by a single seller:
a. start-up costs
b. merger
c. patent
d. monopoly
e. deregulation
Ans: d. monopoly
Economics
You might also like to view...
When a union faces a monopsony buyer, a ________ exists
A) dual-monopoly B) monopoly C) bilateral monopoly D) monopolistic monopsony
Economics
According to Keynes' fixed money wage theory, when the price level is higher than expected the real wage is ____ than expected and unemployment is ______ than expected
a. lower; lower b. higher, higher c. lower; higher d. higher; lower
Economics