For a market to be characterized by monopoly, there must be
A. a large number of firms with no one able to influence price.
B. barriers to entry and exit.
C. good information about sales and costs.
D. indistinguishable products being sold.
Answer: B
Economics
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A) A strategy to always show a rock B) A strategy to always show a paper C) A strategy to always show scissors D) A random mix of all the three symbols
Economics
Which of the following is not an advantage of starting a new business as a corporation?
A) separation of ownership and business liability B) possibility of double taxation C) ability to share risks D) enhanced ability to raise funds
Economics