A monopoly firm is the only seller of a good or service that
A) has a perfectly elastic demand.
B) has no close complements.
C) does not need to be advertised.
D) does not have a close substitute.
Answer: D
Economics
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The burden of Medicaid costs are:
A. The sole responsibility of states B. The sole responsibility of the Federal government C. Shared by the states and Federal government D. Shared by the states and the individual receiving the benefits
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Diminishing returns to physical capital means that when the amount of human capital per worker and the state of technology are held fixed, each increase in the amount of physical capital per worker leads to
What will be an ideal response?
Economics